Some Thoughts on the Strategic Adjustment of Suzhou's Local Finance after China Joined the WTO
XU Zhong-min (Bureau of Finance, Suzhou 215000)
In view of the impact on the state finance after China joined the WTO,we should adopt and adjust the strategies of the local finance in Suzhou. In the aspect of the tax adjustment, we should use tariff discount to increase the local financial income and use the drawback system to increase the exports of the local enterprises. In the aspect of the structural adjustment of the financial resources, we should further develop export-oriented economy, reduce the export costs and increase the exports, deepen the reform of state-owned enterprises and form group companies,satbilize and enlarge the financial resources, hasten the growth of small and medium-sized enterprises so as to open up new financial resources. In the aspect of financial investment, we should invest in key industries and projects such as agricultural industry, high-tech industry, the urban construction as well as the social security. And moreover, we should change the functions of the local government to put into full play the administrative function of the local finance.