DECENTRALIZATION, MARKETIZATION, AND GLOBALIZATION: THE TRIPLE PROCESSES UNDERLYING REGIONAL DEVELOPMENT IN CHINA

China since the late 1970s has implemented a series of reforms and has undergone profound changes. This paper analyzes the three fundamental processes of China's economic reforms—decentralization, marketization, and globalization, and argues that an understanding of these triple transitions is necessary for a better understanding of regional development in China. These changes also have had significant implications for the development of regions, as the central state is no longer monopolizing the regional development process. It is speculated that China's regions will remain fragmented and the coastal-interior divide may persist.