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China Special Economic Zones (SEZ)
China Special Economic Zones
There are presently six SEZs in the PRC. In the 80, the first special economic zone in China was set up in Shenzhen near Hong Kong, which included four districts and covered about 400 square kilometres.
Purposely designed policies utilize special privileges to attract foreign investors, such as additional autonomous governance, tax incentives and further favourable programs were launched, and commercial, financial, and extensive tourism attractions also were constructed to provide for overseas investors.
China duplicates this scheme in other locations, allowing Special Economic Zones to take advantage of new self-government rule in introducing new legislation supportive to the Special Economic Zones. These environments, the Special Economic Zones managed to growth and are now exceptionally interesting targeted foreign investment.
In 2008 Reforms ended most of the Special Economic Zones special tax incentives.
Other development zones as economic and technological development zones, bonded zones and export processing zones have been set up within SEZ’s.
Find more in the about different Development Zones in China on China Business Knowledge
Special Economic Zones (SEZ)
Economic and Technological Development Zones (ETDZ)
High-Tech Industrial Development Zones (HTDZ)
Cross-Border Economic Zones