26 août 1979 - Special Economic Zones

Description:

Special Economic Zones are any of several localities in which foreign and domestic trade and investment are conducted without the authorization of the Chinese central government in Beijing. Special economic zones are intended to function as zones of rapid economic growth by using tax and business incentives to attract foreign investment and technology. The presence of SEZs increases regional growth but increasing the
number of SEZs has a negligible and potentially destabilizing effect on growth