Historical development and current state of Hegang economy

The article examines the paths of the economic development of the prefecture-level city Hegang of People's Republic of China from its foundation to the present day. It provides a general picture of changes in the economic structure of the city in question. It provides a detailed analysis of the causes of the crisis phenomena in its economy. It provides examples of promising development directions and general recommendations for further strengthening the socio-economic system of the region.