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The Special Economic Zones of China (SEZ) are designated zoned areas in China with unique economic policies and regulations often for business with foreign nations and enterprise. These zones typically foster more free-market -oriented business regulations compared to the rest of the country.
City center in Shenzhen. The Shenzhen Special Economic Zone (Chinese: 深圳经济特区) is a special economic zone (SEZ) of China.One of four special economic zones (SEZ) established in May 1980, it was the first SEZ created by Deng Xiaoping, [1] and, like the other three zones, was modeled after Ireland's Shannon Free Zone.
Democratic Republic of the Congo planned to build its first Special Economic Zone in the Kinshasa district of N'Sélé. The SEZ was intended be operative in 2012 and dedicated to agro-industries. [3] As of April 2013 the DRC did not have any FTZs or free ports. [4]
By allowing and encouraging foreign direct investments, these zones became engines of China's further economic, social, urban, and political development. The first SEZs were established in 1979, starting with Shenzhen next to Hong Kong and Zhuhai adjacent to Macao, pioneering experiments devised to exploit the capability of differences of each ...
Guangzhou Economic and Technological Development District [1] (GETDD; Chinese: 广州经济技术开发区; pinyin: Guǎngzhōu jīngjì jìshù kāifāqū; Jyutping: Gwong 2 zau 1 ging 1 zai 3 gei 6 seot 6 hoi 1 faat 3 keoi 1) is one of the first national economic development zones in China.
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Zhuhai became a city in 1979, a year before it was designated as one of the first Special Economic Zones of China (SEZ). Similarly to neighbouring Shenzhen , which became the first Special Economic Zone of China in 1978, the implementation of Zhuhai as an SEZ was largely due to its strategic position adjacent to Macau, a capitalist trading ...
The definition of an SEZ is determined individually by each country. According to the World Bank in 2008, the modern-day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management or administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and ...