A strategic approach to reducing inter-regional economic differentiation: China’s experience

This article examines the transition process from a strategy of unbalanced regional development to a strategy of coordinated regional development in China. A number of national strategies and strategic plans for regional development aimed at reducing inter-regional differentiation have been analysed...

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Bibliographic Details
Main Authors: Yu. V. Vertakova, Ya. Liu
Format: Article
Language:English
Published: Publishing House of the State University of Management 2021-12-01
Series:Вестник университета
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Online Access:https://vestnik.guu.ru/jour/article/view/3153
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Summary:This article examines the transition process from a strategy of unbalanced regional development to a strategy of coordinated regional development in China. A number of national strategies and strategic plans for regional development aimed at reducing inter-regional differentiation have been analysed. The paper aims to provide a comprehensive case study of China’s experience in implementing strategic planning to reduce inter-regional economic differentiation. Using the methodology of systems and strategic analysis, the authors analysed the main directions of national strategic regional planning to reduce inter-regional economic differentiation in China. The advantages and disadvantages of approaches to reducing inter-regional economic differentiation have been identified and recommendations for their improvement have been developed. National strategic planning for regional development is an important tool of regional policy to reduce inter-regional economic differentiation. It is necessary to concentrate efforts on ensuring consistency between the central government and local authorities, coordinating different areas of planning and their consistency, and developing a market mechanism.
ISSN:1816-4277
2686-8415