After the appearance of Asia's first export processing zone (EPZ) in Gaoxiong, Taiwan province, in 1965, more than ten Asian developing countries and territories established EPZs throughout the late 1960s and early 1970s in order to use foreign capital and develop their national economies. This situation of over ten years makes clear that the Asian EPZs have definitely brought results. However, many problems still exist. Especially regarding the nature of the EPZs, there has been much discussion at home and abroad. This August 26  the Standing Committee of China's Fifth National People's Congress approved the "Regulations for Special Economic Zones in Guangdong Province" put forward by the State Council. The first group of Special Economic Zones will be in Guangdong's Shenzhen, Zhuhai, and Shantou. Thus, probing into the question of the nature of the Asian EPZs will have real significance for China's current economic construction.