Aregionalcomparisonof_省略_developmenteffi.pdf

120 China Economist Nov.-Dec. 2008 China Data WEI Houkai1 ( 魏后凯 ) and WANG Yeqiang 2 ( 王业强 ) 1Affi liated with Institute of Industrial Economics, Chinese Academy of Social Sciences 2Affi liated with Civil Aviation Administration of China China is a developing country with significant regional development gaps. The discrepancy in regional industrial effi ciency has always been a big concern for academics, government officials and entrepreneurs alike. Recent investment upgrades and accelerated industrialization and urbanization in China’s central and western parts have raised industrial economic effi ciency in that region. In light of this development, how has this changed the country’s regional disparity in terms of industrial development efficiency? What will be the new direction? The following comparative research paper provides an important analysis of the formation of the nations regional development policy and its industrial investment structure. I. Comparison of regional economic effi ciency Industrial economic effi ciency is a comprehensive concept, which covers a broad range of issues and requires various analytical approaches and economic indicators. In order to reveal regional economic effi ciencies and their various trends during the period of the 10th Five-Year Plan, this paper will analyze four major areas and 31 provinces and regions in China. Using analytical formulas such as the ratio of assets to industrial output value, the ratio of profi ts to cost, and the ratio of asset to liability, this paper will carry out a comparative analysis of the issues at hand. (I) Ratio of industrial output to value total assets A regional comparison of Chinas industrial development effi ciency It is generally accepted that the industrial economic effi ciency in eastern China is higher than that in the country’s central, west and northeast parts. However, this has begun to change, due in part to recent upgrades and investments in the centr