Urbanization and Economic Transition in Regional Economic Development

Abstract

During the last 30 years of reform and opening up, the development of regional economy and urbanization are the main characteristics in the process of marketization in China, and are also the motivation of continuous economic growth. Particularly in Zhejiang and Jiangsu, the provinces in the area of Yangtze River Delta, the development of rural firms and private economy drove the industrialization and urbanization of the Delta, which brought about the two typical modes of marketization in China—the mode of south Jiangsu and the mode of Wenzhou. As a county belonging to Hangzhou, located in the northeast Zhejiang, Hangjiahu area, Xiaoshan’s economic and social development was influenced by both of the two modes, showing that there is a mutual promotional effect among industrialization, urbanization, and economic transition of a city, which puts Xiaoshan at the front of the hundred economically strongest counties or regions in China.