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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 ...
As of March 2010 Russia's federal special economic zones host 207 investors from 18 countries. There are major MNCs among investors to Russia's SEZ, such as Yokohama, Cisco, Isuzu, Air Liquide, Bekaert, Rockwool and many others. Russia's 15 existing and to-be federal special economic zones are managed by OJSC "Special Economic Zones".
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.
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 ...
In special economic zones [1] [2] business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations.
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 ...
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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".