Economic system of China

Economic system of China.
In the formation and development of the national economy of any country, the regions that make up it are of great importance. The implementation of economic reforms and the achievement of sustainable development largely depend on the potential, opportunities and activities of these regions, that is, various internal parts of the country.
China is one of the countries whose economy is developing rapidly. One of the important directions of China's economic development is the implementation of regional policy aimed at socio-economic development of regions. The main directions of China's regional policy in the new era are as follows:
- mitigation and reduction of differences in the level of socio-economic development of regions;
- development of regional and national economy through the use of local natural resources;
- increasing the country's export potential, strengthening economic security as a result of socio-economic development of regions;
- solving social and environmental problems in the regions;
- development of urban and rural settlements, regulation and management of demographic processes (urbanization, migration);
- correct regional organization of production forces;
- to ensure the employment of the population, increase the welfare of the people.
As a result of the implementation of a unilateral approach by the Chinese government in the territorial deployment of productive forces, economic development was observed in the coastal provinces. As a result of the "Open Doors" policy, foreign investments were widely attracted to the Eastern Economic Region, and industrial production was launched. In the rest of the country, agriculture and the processing of agricultural products have been established.
The State Council of the People's Republic of China divided the country into 3 economic regions for the purpose of socio-economic development of the regions. These are Eastern, Central and Western. Since China's economic regions occupy very large areas, they are divided into economic regions. Economic districts consist of 2 or more administrative-territorial units
Full name : Xaitova Rayxon.
Group: TL-60.