38 special economic zones
They are usually called “Special Economic Zones” (SEZs) in China; sometimes development areas. Initially introduced in the 1980s by the Chinese government within the scope of a policy change, the current number has grown to about 38 special economic zones (or similar) in mainland China, usually located at the coast.
Where are most of China’s special economic zones located?
They are located in the cities of Shenzhen, Zhuhai and Shantou of Guangdong Province and the city of Xiamen of Fujian Province . Politically, the special economic zones are based on assurance of China’s state sovereignty and governing authority is entirely in China’s hands.
What are special economic zones?
Special Economic Zone (SEZ) is a geographically delineated area subject to differentiated regulation and administration from the host country in which it resides, for the purpose of attracting foreign direct investment in economic activity that could not otherwise be achieved.
What are the 4 economic zones in China?
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.
What are the 5 special economic zones in China?
In China, SEZ normally refers to seven specific zones: Shenzhen, Zhuhai, Shantou, Xiamen, Hainan, Shanghai Pudong New Area, and Tianjin Binhai New Area, which will be discussed later.
Where is Shenzhen special economic zone in China?
Shenzhen Special Economic Zone. Shenzhen, a sub-provincial cities lying at the southern part of Guangdong Province, mainland China , is one of the five cities with independent planning area of the People ‘s Republic of China.
How are Chinese special economic zones attracting foreign investment?
Products from SEZs’ are mainly sold to foreign countries. Through the improvement and promotion of their own economic conditions and preferential policies, they attract foreign investment to build factories in China to produce those products.
What are the different types of Economic Zones in China?
These newer zones are known as Economic and Technological Development Zones (ETDZ). They are generally smaller than SEZs and place a larger emphasis on specific industries, particularly on developing high-tech research and development.
Where are the foreign trade zones in China?
The initial success of the SEZs led the Chinese government to sanction more foreign trade areas in cities including Shanghai, Dalian, Ningbo and Tianjin. These newer zones are known as Economic and Technological Development Zones (ETDZ).
