Investment-Strategies-in-Less-Developed-Areas-Case

Investment Strategiesin LessDeveloped AreasCase ofXianCityZhang Pingping,Yin JieFeng Yongbin，1Xi anUniversity ofTechnologyXi an7154,China1an11,.economy,especial

1.i.th.coast.u.developmen.an.promotin.commo.economicdevelopmen.o.backwar.area.complement ar.advantage.o.th.greenchannel.2,the posi t ioningof investment

2.1-ngtermdevelopmen.st rategy.i.orde.t.protec.foreig.investmen.t.develo.thetyp.an.th.sam.objective.i.th.re,giobnot.t.mak.maximu.capi taiinvestmen.le.t.servic.th.re,giobnu.als.reduc.th.difficult.ofat tract in.investment.Les.develope.region.i.relat ivel.Io.leve.ofeconomi.development.accordin.t.loca.condi t ions.th.us.o.local advantage.investmen.i.ver.import,rs.accurateposi t ionin.an.developmen.o.ke.regiona.strength.an.wea knesses.Cas.o.Xi a.City.

2.2The overal1positioningXian is the developmentof Chineseancestry livingin one of theearliestand alsobui11a citywith31years ofhistory,the historyof12years ofhistoryand cultureof ancientcapiSance reformand opening,1Xi inconsistentlyadhereo thepeople-oriented andsustainable developmentst rategiesEncourag.an.welcom.i.Xi a.i.Xi a.an.abroa.t.inves.an.conduc11rade.va r i ou.soc i一a.exchange.an.economi.coope ration.Abso rptio.offoreig.investmen.i.th.curren.are.o.focu.s t一e1chghndus tries rest ruet ur.sta owne.enterprises.manufacturing.touri.trade,finance.urba.infrastructur.an.rea.estat.d eve1opmentIo2The functionalpartitioning of the regionalplanning andAn.function.o.th.regiona.plannin.divisio.i.aime.a.attractinginvestmen.t.th.cours.

0.th.developmen.priori tie.

0.th.variou.divi sionsforeig.capi tai.foreig.capi ta.s.tha.w.ca.guarante.th.typ.an.notcontrar.t.loca.economi.development.Investmen.starte.lat.i.lessdevelope.regions.th.easter.regio.t.lear.fro.expe.i,enbau.thereali t.

0.tw,region.an.ther.i..bigDifference.withi.th.regio.shoul.b.attache.grea.importanc.t.thedivisio.o.plannin.an.functions.In recentyears regionaldeelopment to optimize thelayout ofXi anhigh-tech industrialdevelopmentzones,economic andtechnological deve1opmen tzone,Qu Jiang NewDistrict Lu Ba ecologicalzonesYanliangHNational Aviation-Hiech IndustryBase withremarkable resultsformingafour areas of aBases,Newpatterns ofdevelopment trans formation ofscientific andtechnological achievementsinto thecenterfofXi anbase openingup thewindow andto promoteeconomic developmentofa newgrowth pointHigh-techIndustrial DevemeptZone Xi an inwesternChina hasbecome thelargest scientificresearch,production,commerce,housing,culture,education andentertainment in oneof thehigh-tech industrialparkXian Xi*an Economicand Techno1ogica1Deve1opment Zone i sa windowopening,the regionwi thNorthwestregion*sonly stat—level exportprocessing zone,has beenJapans MitsubishiCoca-Cola andother12Fortune5companies invest in thearea;Qu JiangNewDistrict Cultureand Tourismled strategyto speedupinfrastructureconstruction hasbecome thenew XianTour Highlights;LuBaecologicalzone,YanliangNational AviationInvestment andother high-tech industrybaseproceeded smoothly,a neweconomic growthpointin XiTnearly thefunctionof the regional divisionofthefunds canintroduce differenttypes2less developedareasofinvestment problems2o1Investment inenvironmental issues

2.2Investmen.environment.includin.th.har.environmen.an.softenvironment.Les.develope.region.d.no.hav.th.mainlan.coast alarea.1ik.geography.infrast ruetur.an.publi.service.ar.laggingbehindalthoug.i.recen.year.don..lo.of.wobik.overal.i.seem.no.ideal.Har.envi ronmen.problem.existin.i.th.construeti

0.

0.infrastruetureduplicat io.th.curren.infrastru ctur.i.Xian.ther.i..seriou.proble.ofduplicat i

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0.infrast ruetuurba.plannin.shortcoming.an.more,thelac.o.experience.Xia.urba.p1annin.achievement.a.wel.a.theshortcoming.o.more.urba.poo.sani tatio.th.Xifa.geographicalhistorica.an.othe.reason.wh.environmenta.healthpeciall.i.Xieierslt.town improvement.improve..lot.bu.compare.wi t.othe.region.th.ga.i.sti11largeoSo f.environmenta.problem.ar.th.stabi1i t.

0.investmen.policie.an.lacko.t ransparency.excessiv.governmen.interven,t ioinmperfee.investmentnetwork.I.addition.i rrationa.investmen.st ructur.an.othe.issues.

2.3Construction ofsmal1-scale foreigncapital

2.4China.openin.u..gradien.fro.coasta.t.inlan.gradual1,expandedTh.investmen.o.forei g.Xia.lat.star.construct io.i.th.intensi t.offoreig.capi ta.ha.bee.insuffi,cielnetadin.t.sma11-scale.thu.restrictingth.rapi.economi.development.Accordin.t.Fo reig.Trad.an.Econom icCooperatio.Burea.i.Xia.Xi.Choin.Merchant..statistic.sho.that th.estabiishmen.o.foreig.investmen.fro.

198.Go咖Ide.Flowe.HotelXia.star.t.

22.th.actua.foreig.capi ta.o.Xi03,an0tC.an,bu.stil.relativel.smal.compare.wi t.othe.regions.an.becaus.theproportio.o.foreig.ca pita.fo.th.const ruetio.o.smaller.result in.inat tract in.fund.ca.no.b.goo.fo.th.regiona.const ruetio.oservices

2.5The investmentstructure isirrational3Althoug.th.numbe.o.foreig.capi ta.ha.increased.foreig.capi ta.hasbee.expandin..bu.th.i rrationa.indust ria.st ructur.t.att rac.foreigninvestment.attrac.foreig.investoofste.onoriente.investmentHig.proport io.o.th.proj ect.Meanwhi th.introductio.o.th.investmenti.no.wit.u.som.o.th.opt imizatio.o.indust ria.st ructur.combinat ionespecial

1.no.wi t.th.exi stin.seal.an.bran.effec.o.th.combinat io.ofnat iona.indust,r.makin.th.industria.structure.par.o.th.imbalance.4Problems inAttracting Investment

3.1establish acorrect conceptof investmentCoin.th.correc.behavior.Therefor.wor.o.local government.t.attrac.foreig.investor.shoul.firs.correc.thei.att itude.toestablis..correc.concep.o.investmentOn.mus.b.clea.investmen.obj ectivesWor.i.th.investmen.accordingt.it.ow.conditions.thei.ow.needs.targete.foreig.investment.Onl.inthi.way.attractin.investmen.t.receiv.result s.

3.2Second,investment mustbe cleardi reelioMainlyfrom theoptimization ofindust rial structurepointof view,those oftheregions economicdevelopment fromthe chaineffect ofthe industry,can promotetheregion priorto theindustrialandpost tothe induslhryrizontalindustry andvertical industrypacein ordertooptimizethe localindustrialstrpctmrte industrialupgrading;also putan endto highconsumption andhigh pol,lulaiolnirgenumber ofcultivatedland isnot conduciveto protectionand developmentof landresources projects,such projectsnot onlydamage ourcontemporaryneed forresources but also forour futuregenerations tomeet theirownneedspose hazardst

3.3The correctposi tioningofthegovernmenfs rolein theinvestmentFrom theperspective ofa marketeconomy,investment isa kindof economicbehavior,the maininvestmentis theenterprise ratherthan governmentworkin theinvestment businesshas tostandPla..rs.1ine.an.th.governmen.ret reate.t.thesecon.1in.shoul.pla.th.rol.o.guidanc.an.services.Som.thingsgovernmen.shoul.seiz.th.followin.fou.focu.o.promotin.investmentact ivitite.Fi rst.accordin.t.thei.supportin.ind,ust1roiceas.resources,loc atio.advantage.an.othe.factors.combine.wi t.industria.rest,ructuringth.elaboratio.o.Io ca.an.long-ter.development.plSncond.makegrea.effort.t.opt imiz.th.investmen.envi ronment.Thi rd.at tachimportanc.t.al.aspect.o.th.trainih.introduct io.an.us.of.andshoul.exerci s.thei.ow.i nvestmen.activi tie.o.intermediarie.andinvestmen.professionals.Fourthd..goo.jo.o.exter na.publici ty.3o3good investmentenvironment improving1Har.an.sof.envi ronmen.fo.investmen.problem.i.th.envi ronmen.be an

3.4Th.advantage.o.foreig.investment.Provinc.i.locate.i.the,interioronl.th.developmen.o.investmen.preferentia.policies.w.ar.located,attract in.tai ent.fa.an.th.easter.coasta.Thetiifore.t.enhanceth.overal.envi ronmen.o.th.const ruetio.investmen.i.undoubtedl.thelong-ter.stabi1it.t.at trac.foreig.investmen.i.on.o.th.important factors.

3.5I.additio.t.improv.th.overal.qualit.o.staf.an.diplomati.ski11sadher.t.honest.an.trustworthinessrespec.fo.th.rul.o.law.Theinvestmen.unde.th.law.an.regular ions.doe.no.a1lo.fo.th.temporarysacri fic.th.rul.o.law.damag.th.fundamenta.interest.o.th.nat ion.

3.6adopt thecorrect investmentapproach5Investmen.mean.investmen.metho.o.th.righ.o.not..direc.impac.oninvestmen.results.Approac.take.t.attrac.foreig.investors.shoul.b.ourseriou.though.Curren.investmen.pract ice.ca.b.use.a.fol low1t.mak.us.o.advant age.o.us in..goo.relationshi.betwee.privateforeig.capi ta.t.attrac.foreig.investment.Eac.regio.ha.certainadvantage..ha.it.ow.uniqu.strengths.whichSample.accordin.t.thei.ow.advant age.ove.at tractin.foreigninvestment.rapi.expansio.o.busines.sc2n.th.estab1i shmen.ofspecialize.investmen.inst itut ions.trainin.o.specialize.inves・tmentprofessionals.wi t,specia.investmen.fund..kno.tha.th.provinee.ofSichuan.an.man.hav.thei.ow.inst itut ion.specializin.i.investmen.andspecia.investmen.funds.Xia.ca.refe.t.simila.pract ice.elsewher.inorde.t.st rengthe.th.uni t.

0.thi.work.focuiyedem atic.planne.forintroductio.t.an.ou.o.th.busines.t.provid..systemat ic.professionalserv ice.an.domes ti.an.fore ig.i nvestmen.en ti tie.hairDevelopmen.dynamic..timel.accurat.an.availabl.t.enterprise.forenterprise.t.see.busines.opportuni ties.Vigorous

1.developintermediar.organization.an.expan.investmen.channel.Investmentintermediar.organization.i.t h.wea.1in.i.Xiheanumbe.ofintermediar.organization.th.quali t.

0.th.degre.

0.specializat io.andth.existin.mod.o.operationfa.fro.meet in.th.need.o.enterprisedevelopmen.services.Shouldlncubato.buiIdin.an.at tentio.

1.accounting.legal.outcom.assessmentdefini tio.o.pr opert.right.an.othe.intermediar.servic.system.SummaryLess developedregions donot havethe mainlandcoastal areas1ikegeography,infrastructure andpublicservices isrelatively backward,matching funds,it is also notas developed,areasthe investmentstrategyshouldbe developedon manydifferent areasShould furtherclarify theregionaldevelopment；planning theconstruction periodwi11be thefocus offurtherrefinement,the stepsto investmeti tkesomefor localways toattractadequate foreigninvestmentFor example,for domesticandinternational suchasthe WorldBank,Asian DevelopmentBank lendingfinancialorganizations,butalsoin infrastructurefinancingin theappropriat ereplacementland otherBOT modeof financingisalsoa goodway offinancingXianlnternational ExpoCentre ShanghaiBa DeltaBusiness administrativecenterproject thecentral areaofinfrastructure projectsand theexhibitionindustry andother infrastructureprojects canbe financedinthilsi wayaddition,some touristresort travelagencies toattract foreigninvestment todevelopment.References:

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