Abstract: In this paper, firstly we introduce the progress of Multi-regional economics and CGE. And then, we develop a multi-regional payment policy model in the era of post-crisis. This model bases on the theory of multi-regional economics, applies the CGE technology and method, and uses the data of 8 regions and 8 sectors SAM. This model makes progress in household category, capital fluidity, and regional equilibrium mechanism. At last, we simulate 3 typical scenarios of regional payment policy in China, including single regional policy and multi-regional policies. We find that if the local government increases payment to its household then it will be: 1, the accumulated utilities of the urban households will increase, the accumulated utilities of the rural households in the developed regions will decrease, and the accumulated utilities of the rural households in the developing regions will increase; 2, the employee in the urban will increase and that in the rural will decrease; 3, the income of the central government from the region will increase and the income of the local government will decrease.

Key words: Multi-regional, Computable General Equilibrium, Regional Payment Policy, Policy Modeling