DISPROPORTIONS IN CHINA'S REGIONAL DEVELOPMENT AS A FACTOR OF INFLUENCE ON THE FORMATION OF COMPETITIVE ADVANTAGES OF TERRITORIES
DOI:
https://doi.org/10.32689/2523-4536/72-11Keywords:
territory, state regulation, imbalances in development, China, innovative development, infrastructureAbstract
Disparities in regional development have a significant impact on the economic This article examines the disproportions of regional development of the People's Republic of China as a factor influencing the formation of competitive advantages of territories. The study of differences in levels of economic development between regions of China identified areas with significant potential for growth and identified constraints for less developed regions. The investment attractiveness and development of certain industrial sectors are influenced by the development of infrastructure and access to resources. The level of education, qualifications and human resources of different regions forms different potential for territories in attracting talented workforce and developing knowledge of the established industries. The level of innovation, research and development in different regions forms competitive advantages for those territories that have advantages in the introduction of new technologies and the creation of innovative products. The geographical location of the regions determines the territories that have easier access to key markets and international trade routes, which accordingly creates competitive advantages for such territories.
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