The logic of change in the "rebalancing" of supply and marketing cooperatives

Supply and marketing cooperatives are an important part of China's rural cooperative economy, playing a pivotal role in the country's economic construction and social stability. Based on the analytical framework of historical institutionalism, through combing the historical trajectory of supply and marketing cooperatives, it is found that its change mode and path of change present the logic of "equilibrium-fracture-re-equilibrium" under the joint action of endogenous power and strong factors, and the interaction of the institutional environment, institutional structure, institutional concepts, and political actors constitutes the driving mechanism of the change of supply and marketing cooperatives system. The interaction of institutional environment, institutional structure, institutional concept and political actors constitutes the power mechanism of supply and marketing cooperative system change. In the context of the new era, the supply and marketing cooperative system under the trend of "rebalancing" has become an important content of rural governance, and through the "re-embedding" of the governance process and the collaborative innovation of multiple subjects, it helps to make the supply and marketing cooperatives enter into a new benign change track and realize the long-term sustainable development of the system. The long-term sustainable development of the system can be realized through the "re-embedding" of the governance process and the collaborative innovation of multiple subjects.