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The four aforementioned special economic zones were all established from 1980 to 1981. As of 2024, there have been 3 additional special economic zones. In 1988, Hainan became the fifth SEZ. In 1990, Pudong district in Shanghai became the sixth "SEZ". In 2009, Binhai district in Tianjin became the seventh SEZ.
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.
Shenzhen was the first of the Special Economic Zones (SEZ) to be established by then paramount leader Deng Xiaoping. [97] [38] Back to Apr 1979, Shenzhen was reformed as a Special Export Zone to create a favorable investment environment and introduce advanced technology and management experience, later renamed to Special Economic Zone in May ...
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 ...
The 2008-20 plan, released by China's National Development and Reform Commission, was supposed to be designed to boost the pan-Pearl River Delta as a "center of advanced manufacturing and modern service industries", and as a "center for international shipping, logistics, trade, conferences and exhibitions and tourism".
A China-owned special economic zone in Cambodia has denied that its firms have been fined by the United States for transhipping goods from China in a bid to dodge U.S. President Donald Trump's ...
The first of Jamaica's special economic zones was created in 1976 with the goal of industrializing the country, as well as increasing foreign exchange and access to technology. [16]: 183 [17] This primary zone was in Kingston and was strategically attached to one of the country's main ports, to facilitate efficient transportation. Although it ...
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 ...