Since the beginning of this year, there has been a wave of "large-scale projects, large-scale projects" in many regions, promoting sustained economic recovery. Among them, attracting investment has become an important lever for stabilizing the economy in multiple regions. The author found in the survey that in some places, there appeared signs of eager for quick success and instant benefits, taking unconventional preferential methods to "dig the wall", and even introducing non-standard tax and other preferential policies, which triggered Cut throat competition. In a market economy, the behavior of enterprises is profit driven. Surprisingly favorable conditions can indeed make some enterprises feel tempted. The 'inside roll' investment promotion may attract enterprises in the short term, but it may not necessarily retain them in the long term. For projects involving investment attraction, strict argumentation is required and multiple questions should be asked. For example, whether the project meets the local development positioning and resource endowment, whether it has long-term development potential, whether there are nearby supporting projects, and how convenient transportation is, etc. In a deeper level, the "inner roll" investment promotion breaks the free flow law of market factors, which is harmful to resource allocation. Due to geographical and financial constraints, such investment promotion is not conducive to the gradient transfer of industries from economically developed regions to Underdevelopment, which is likely to lead to a vicious circle. The "inside roll" investment attraction often comes from impulsive investment by some local governments, which compete with each other and blindly invest without sufficient justification. Sometimes, there may be situations such as project completion and overcapacity. It should also be noted that some local governments may face a credit crisis due to the constraints of funds or resources, as they prioritize promises and neglect fulfillment, ultimately causing both parties to suffer. Just look at the results, regardless of the process; Only emphasizing numbers, ignoring structure; Focusing only on the present, disregarding the long term... The "involution style" investment attraction reflects some local governments' distorted views on political achievements, exposing the short-sighted mentality of some local officials who are eager to achieve success and have great achievements. To root out the chaos of "internal competition" investment attraction, in addition to improving relevant assessment mechanisms, more articles should also be done in the scientific evaluation of investment attraction, strengthen special governance and spot checks, and avoid blind attraction and ineffective investment caused by impulsive political performance. To fully compete with the economy and accurately attract investment, it is necessary to deeply explore and expand resource advantages, location advantages, and industrial advantages. The fundamental purpose of attracting investment is to develop the economy. For local governments, they should carefully analyze the advantages and disadvantages of the local industrial chain supply chain, and formulate investment policies tailored to local conditions. For enterprises, choosing an investment location should combine immediate interests with long-term development, and do not overshadow short-term interests, leading to the loss of development opportunities. (New News Agency)
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：economic daily
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