Subject. Investment policy instruments in China used for regional development. Objectives. Research and analysis of approaches to understanding and practical application of investment policy instruments in the context of strategic planning in regional development using the example of the People's Republic of China. Methods. Content analysis and the evolutionary-historical method are used. Results. The theoretical aspects of the concept of "instrument" are revealed, and it is analyzed how, in the Chinese model, investment policy and regional strategy form a single mechanism that promotes the development of the regions of China. The article presents the characteristics of modern investment policy instruments, including direct fiscal incentives, concessional lending and targeted financing of strategic regions in the context of the "double circulation" concept. Of particular interest in the study of this issue is the fact that the instruments of investment policy are directly and systematically interconnected with the strategy of regional development. This interface is implemented through a hierarchical planning system. Thus, at the highest level, strategic guidelines are established in five-year plans, which are then detailed through targeted investment policy tools for each region. Conclusions. Investment policy instruments are well developed in the People's Republic of China. They are organically embedded in the strategic documents for the development of the country and its regions. The instruments of investment policy have their own peculiarities depending on the specifics of regional development. Investment policy is one of the key instruments of government regulation aimed at ensuring sustainable and balanced economic growth in the regions. In the context of regional development, the effectiveness of such a policy is largely determined by the correct choice and application of specific instruments of influence that are organically integrated into strategic development goals. Thus, the instruments of influence are subordinated to the solution of specific strategic tasks of regional development.
Keywords: investment policy, People's Republic of China, investment policy instruments
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