Вестник университета (Dec 2021)

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

  • Yu. V. Vertakova,
  • Ya. Liu

DOI
https://doi.org/10.26425/1816-4277-2021-10-122-132
Journal volume & issue
Vol. 0, no. 10
pp. 122 – 132

Abstract

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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.

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