Analysis on finance countermeasures of regional economy development in China

Abstract

Revitalizing regional economy is one of the economic development basic strategies in our country. Finance policies, as the main macroeconomic control legal means under the conditions of market economy, play a positive and key role in revitalizing regional economy, including the development process of special economic zones, southeast coastal open, developing western regions and revitalizing northeast old industrial base. Taking the preferential tax to the eastern coastal areas in regional economic development, financial system of weakening the mid-west financial capability, the limited role of equalization in financial transfer payment, and tax system of widening gap in development between regions into account, the author considered that some finance policies should be carried out, such as renovating the prevailing financial system, carrying out comprehensive finance and taxation policies, normalizing transfer payment system, and strengthening preferential taxation policy.