The article examines the history of one of the six central provinces of China, Hunan Province, during the transitional period of China's regional development from a strategy of imbalance to a strategy of coordination. In accordance with the provisions of the Eighth (1991-1995) and Ninth (1996-2000) Five-Year Plans, projects for socio-economic transformation were developed in Hunan Province, which formed the basis of regional policy in the eastern, western and central parts of the province. The retrospective method of research and the introduction into scientific circulation of new historical documents on the regional history of the PRC made it possible to identify two main stages in the development of Hunan Province in the 1990s: 1990-1995 and 1996-1999, when, despite the difficulties in implementing regional policy on reducing the number of small state-owned enterprises, attracting foreign investment, in general, the economic growth of Hunan Province corresponded to the tasks set by the Chinese government to build "socialism with Chinese characteristics" and modernize China's regions.
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