The impact of investment policy on regional economic patterns in China

Investment policy seeks to alter the structural conditions of a country's economy to create new regional patterns for national economic development. Since the 1979 Open Door policy in China, there have been four distinct periods of investment policy reform. These periods are the Initial Stage, Adjustment Stage, Framework Establishment Stage and Stage for Development of Central-Western China. During each period, the policy implemented created new structural con-ditions for economic resources and shaped regional economic patterns. This paper discusses the impact of investment policy on regional economic patterns by analyzing alterations in investor composition, industrial structure and investment spatial distribution during each period respectively. (J Asia Pac Econ/DÜI)