Regional Level: New Landscape of Competition and Cooperation Among Regions in China
During the 12th five-year plan period (2011–2015), China entered into the new normal in economic development and experienced increasing difficulty in simultaneously dealing with the slowdown in economic growth, making difficult structural adjustments, and absorbing the effects of previous economic stimulus policies. Facing the low growth, imbalances, risks, and uncertainties in the global economy as well as the arduous tasks of reform and transformation, China gradually established the Four-Pronged Comprehensive Strategy as the strategic guidance for promoting steady economic development and balanced urban and rural development on regional level. During the 13th five-year plan period (2016–2020), different regions of the country will develop in a more balanced way and a new landscape of better competition and cooperation among regions will emerge.
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