Based on the summary and analysis of the policy framework and the practice of regional cooperation nationwide in China in the 1990s, this paper aims at evaluating the rationality and prospect of the national policy of promoting regional economic and technical cooperation. Starting from clarifying the national and local policy objective, the author gives an insight comparative analysis of the recent experiences of the regional cooperation organizations in the country, focusing on both their achievements and problems faced. Policy evaluation and policy suggestions are given at last. The author argues that the basic objective of the national policy of promoting regional economic and technical cooperation, that is, to maximize the efficiency of the whole society and diminish the regional disparity is not practical to be released currently.