In August 2020, general secretary Xi Jinping made an important speech in pushing forward the Yangtze River Delta integration development forum, pointing out the direction for promoting the integrated development of Yangtze River Delta. To promote the development of regional integration in the Yangtze River Delta, the following five principles should be followed:1. The principle of marketizationThe behavior boundary between the market and the government should be clarified, and an interactive relationship should be formed with market regulation as the mainstay and government regulation as the supplement. Remove barriers to the regional flow of resources and production factors, and maintain the consistency of regional policies and regulations.2. The principle of systematismPromoting the development of regional integration in the Yangtze River Delta is a systematic project, and the awareness of "integration" should be firmly established, and reform and innovation should be carried out from the overall perspective.3. The principle of complementarityThe allocation of production factors and resources in accordance with the principle of complementarity and the formation of a reasonable inter-regional division of labor will help maximize the welfare of the entire region.4. The principle of mutual benefitOn the basis of fully taking into account their own interests, all localities should establish a regional coordination and compensation mechanism for the investment and utilization of cross-regional public projects to balance the distribution of benefits and financial burdens in various regions.5. The principle of gradualismThe promotion of market integration in the Yangtze River Delta should be analyzed and carried out in an orderly and focused manner. The market segmentation can be broken from within the provinces and cities, and a regional unified market can be gradually formed.
