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PAGE VI
ANALYSIS ON FINANCIAL SUPPORT FOR THE NON-FERROUS METAL INDUSTRIAL CLUSTER OF HECHI CITY
ABSTRACT
Industrial cluster is a general trend in the spatial distribution of economic activity close to each other, usually considered it beneficial to improve productivity and accelerate economic growth, then promoting industrial cluster has become an important industrial policy and layout policy to the government. Industrial cluster will generate economies of scale, easy to attract financial resources inflows and expand industrial agglomeration scale.
This paper studied on the non-ferrous metal industrial cluster by using the thesis of Industrial cluster and Financial support, that is to dissertate the mechanism of the financial support on industrial cluster. It considered that financial support can optimize the allocation resources, promote the industrial cluster, and improve the scale and level of the industrial cluster. but of the resource-based industry, it had to face transformation and upgrading in the new era. The funding is a major bottleneck to the industrial cluster, which is a certain challenge to financial resources into.
First, this paper described the non-ferrous metal industry and its financial support, then measured the industry cluster level by location quotient, as well as demonstrated their relationship and the impact on local economic development by using the research method of regression analysis.
Second, depth study on the unfavorable factors and challenges of the non-ferrous metal industry cluster, which make out the constraints to the financial support. The analysis considered that, the non-ferrous metal industry cluster of Hechi city is impacted by six factors, including policy constraints, industrial management risk, not optimistic of industry development prospects, unreasonable industry layout, uneven of the resources distribution, and the upgrading of the transformation, etc. that made the financial support also facing six troubles,
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