LAUSR

While China has experienced unprecedented economic growth in the last three decades, regional disparities have become more pronounced as well, paving the way for serious socio-economic challenges that have the potential to hinder China's future growth performance. This has caught the attention of the Chinese policy makers in recent years, which has led to a renewed policy focus on rebalancing regional development across the country. In this context, this paper assesses relative levels of regional development by undertaking a competitiveness analysis for Greater China at the regional level. The analysis confirms the existence of significant regional disparities and identifies the bottlenecks for each region of Greater China along the various dimensions of competitiveness. Our empirical results also have important implications for policy to promote regional rebalancing, which is critical for the sustainability of China's future development.