Financial Support Mechanism for the Transition and Development of Yunnan Resource-Based Cities in Supply-Side Structural Reform

Abstract

The main contradiction in our country before was the contradiction between the people’s growing need for a better life and the unbalanced and inadequate development. At present, China’s economy is not strong in domestic demand due to the restraint of consumption demand and the lack of investment demand. Essentially, it is the distortion of factor prices that results in the long-term insufficiency of effective supply, resulting in the long-term imbalance of economic structure, insufficient independent R&D and innovation capability of enterprises, and insufficient impetus for upgrading industrial structure. It is difficult to form effective investment demand and consumption tendency generally declines. Taking Yunnan as a typical resource-based city as an example, this paper empirically analyses the effect of fiscal and financial policies on the industrial restructuring of resource-based cities by using the structural reform of supply side. The results show that fiscal expenditure policy restrains the adjustment and optimization of industrial structure, should reduce the direct government intervention in the economy, give full play to the decisive role of the market in the allocation of resources; credit policy is an important driving force and driving factor for industrial structure adjustment [1], but there is still room for deepening the optimization of industrial structure; Horizontal comparison shows that the efficiency of Finance in the adjustment and optimization of industrial structure is obviously better than that of finance [2–4]. They should pay attention to coordination and coordination, give full play to their respective policy advantages, build a sound interactive mechanism of fiscal guidance and leverage the rational allocation of financial resources, and promote the adjustment and upgrading of industrial structure.