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China's New Economic Regions

owerful economy.

In 1980, the Chinese Communist government took a radical step toward Capitalism when it established five major special economic zones(SEZ), slivers of land mostly in southeast China (Spaeth, 1995, 80). The zones were designed as the backbone of China's new economic reform, being designated regions in China which would operate under rules that provided special investment incentives, including duty free treatment for imports and special tax situations for manufacturing plants which reexport their products.

The five SEZ's general geographic locations and sizes are:

1) Shenzhen Special Economic Zone is located south of Guangdong Province and borders Hong Kong's Kowloon. It covers 327.5 square-kilometers

2) Shantou Special Economic Zone is in the southeast corner of Guangdong Province and is divided into two parts: Longhu (in the eastern suburbs of and Guang'ao Peninsula to the southeast of Shantou. Longhu occupies 22.6 square kilometers, and Guang'ao Peninsula takes up nearly 30 square kilometers.

3) Zhuhai Special Economic Zone is located in the south of Guangdong Province, west of the Pearl River, abuts Macao in the south and occupies 121-square-kilometers.

4) Xiamen Special Economic Zone, which includes Xiamen Island and Gulang Islet, is located in the city of Xiamen in China's Fujian Province, where it takes up 131-square-kilometers. 5) Hainan Special Economic Zone, at 34,000-square-kilometers is China's largest and encompasses the entire island

province located to the south of China's mainland (Opening to the Outside..., 1997).

As part of the organizational structure, these zones were slated to end in 1995. In that year, Anthony Spaeth, an astute China Observer pointed out the economic scope of the five SEZs:

Though China's SEZs resemble the free-trade or export-processing zones in other developing countries, they are much more. Like their counterparts elsewhere, the SEZS hav...

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China's New Economic Regions. (1969, December 31). In LotsofEssays.com. Retrieved 16:56, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1691889.html