Toward Balanced Growth with Economic Agglomeration:
Empirical Studies of China’s Urban-Rural and Interregional Development
Zhao CHEN,
Ming LU
A great developing economy is rising on the Pacific west bank, which is undoubtedly the most important global economic event of the 21st century. The story of China’s rising economy has evolved a specific historical background. The policy of economic opening-up, which originated in the late 1970s in Shenzhen, a small fishing village on the coast of South China, triggered China’s economic transformation and integration into the global economy as a major developing country.
