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As part of its economic reforms and policy of opening to the world, between 1978 and 1984 China established special economic zones (SEZs) in Shantou, Shenzhen, and Zhuhai in Guangdong Province and Xiamen in Fujian Province as well as designating the entire island province of Hainan as a special economic zone. [15] In 1984, China opened 14 other ...
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. [2]
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration.
Shanghai Free-Trade Zone [note 1] (Shanghai FTZ or SFTZ), officially China (Shanghai) Pilot Free-Trade Zone, [note 2] is a free-trade zone in Shanghai, China.On 22 August 2013, the State Council approved the establishment of the zone.
Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone ...
On November 1, 2023, the China (Xinjiang) Free Trade Zone was opened in Ürümqi, marking the commencement of its comprehensive construction phase. On December 5, 2023, the inauguration ceremony for the Khorgos Area of the Xinjiang Free Trade Zone took place at the sixth generation of the State Gates of Khorgos.
The National Economic and Technological Development Zones (simplified Chinese: 国家 级 经济技术开发区; traditional Chinese: 國家級經濟技術開發區; pinyin: Guójiājí Jīngjì Jìshù Kāifā Qū) are the special areas of the People's Republic of China where foreign direct investment is encouraged.
Special Economic Zones of China are intended to serve as special zones for accelerated economic development by employment of a subset of preferential policies, tax incentives, and infrastructure foundations. This shift in ideology promoted the transition to more of a market system promoting foreign direct investment and transition to rapid ...