摘要
In the past nearly 30 years, the emergence of the market economies in China was characterised by geographical concentration of economic activities. The particularly successful cases happened in the Yangtze River Delta, namely, the two most famous models for local developments in China＇s economic transformation and market development： the ＂ South Jiangsu Model＂ in south Jiangsu and the ＂Wenzhou model＂ in southeast Zhejiang. Although there have been debates upon the two development models for a considerably long time, both models keep being open in and compatible to local development and globalization. The two models influence each other, keep being in institutional transition through bilateral paths transplantation, i.e. learning from each other and employing cooperation in their developments. Transition and transplantation are adaptation mechanisms for local developments of the two models to participate in global economies with industrial division and labour division, and also for the two models to continuously further contribute to China＇s nationwide market transition and economic development.
