As a regulatory innovation strategy proposed by China for the development of new busi-ness models,inclusive and prudential regulation is profoundly significant to the rule of law in public ad-ministration.Challenged by the uncertainty of technological development and new business models,the concept of inclusive and prudential regulation indicates a dynamic reflection and evolution of modern ad-ministrative rule of law.From the perspective of regulatory theory,the operation of inclusive and pru-dential regulation reflects the enforcement strategy of responsive regulation,the operating paradigm of cooperative regulation and the evolutionary dynamics of regulatory experimentation.The regulatory de-sign of inclusiveness and prudence with a substantive rule of law feature requires a relatively mature ad-ministrative legal framework and the institutional infrastructure and administrative capacity of modern administrative state for its effective operation.It is worth noting that a balance between inclusiveness and prudence is often difficult to achieve in the local practice of inclusive and prudential regulation by the logic of"developmental state"with Chinese characteristics.It has caused a series of regulatory dilemmas and local difficulties,calling for an administrative legal solution.The Chinese experience of inclusive and pru-dential regulation also provides an institutional illustration for understanding the binary relationship be-tween regulation and economic development.
Inclusive and Prudent RegulationNew Economic ModelsRegulatory Experimental-ismResponsive RegulationDevelopment-Oriented Administrative Law
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