Abstract:
Based on the analysis of panel data of private industrial enterprises in 30 provinces and cities of China from 2001 to 2013, and empirical tests, the factors of regional industrial efficiency,the results show: real estate price changes index, stock price changes index which is represented by the Shenzhen Composite Index, inflation which is represented by raw materials, power and fuel purchase prices, as well as other factors like export scale and industrial structure will have a significant impact on regional entity industry efficiency. In the macropolicy, an important way to suppress private capital off real but into fictitious economy is inhibiting excessive growth of asset prices and production information prices, and reducing the violent fluctuation of the stock price index. Considering the regional differences in exports, it is necessary to accelerate the development of the export trade and increase the added value of the export commodities. In the long term, to achieve the transformation and upgrading of secondary industry and give play to the creativity of private industrial enterprises which is a development strategy to make China transform from a large manufacturing country to a strong manufacturing country.
