Special economic zones of China
In the People's Republic of China, a special economic zone (SEZ; Chinese: 经济特区; pinyin: jīngjì tèqū) is a designated area with economic policies and regulations designed to attract foreign business. These zones have more market-oriented business regulations compared to the rest of the country. They were established to attract foreign investment, boost different forms of economic growth, and facilitate experimentation with market reforms. Many of these zones can be attributed to the policies of Deng Xiaoping during the early 1980s. One of the larger reforms under Deng was establishing four SEZs along the South-eastern coast of China, with Shenzhen, Shantou, and Zhuhai located in Guangdong province and Xiamen located in Fujian province. These initial SEZs were all established from 1980 to 1981. As of 2024, there have been 3 additional special economic zones. In 1988, Hainan province became the fifth SEZ. In 1990, Pudong district in Shanghai became the sixth SEZ. In 2009, Binhai district...
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