Development of China’s Regional Economies: Under Four Decades of Reform and Opening-up and Future Outlook

Over the past 40 years of reform and opening up, the strategic focus for China’s regional economic development has shifted from unbalanced to balanced development across regions. Along with the high-speed regional economic growth, the widening development gap across regions has gradually narrowed and the regional economic landscape has undergone historical evolution. However, as the problem of unbalanced and inadequate regional development has not been completely resolved, the endeavor to achieve coordinated regional development is still facing challenges. For some time to come, China’s regional policy will continue to center on promoting coordinated regional development, so as to lay a solid foundation for high-quality economic development.