Special Economic Zones
•1979 four special economic zones were opened for trade and investment with the west
•Foreign firms were allowed to operate here
•Cheap labour was provided
•New technology and management practices were introduced
•Most firms come from Hong Kong to take advantage of the cheap labour
•Foreign firms were allowed to operate here
•Cheap labour was provided
•New technology and management practices were introduced
•Most firms come from Hong Kong to take advantage of the cheap labour
question
How would have china been affect if the didn't set up Special Economic Zones.
summary
Special Economic Zones were geographic regions that had economic and other laws that are more free-market-oriented than a country’s typical of national laws. These were important because they paved the way for China’s current high grossing economy.