Price Reform and the Future Model in the Special Economic Zones of China

Chen Ning

Chinese Economy, 1991, vol. 24, issue 4, 76-92

Abstract: The China National People's Congress in 1980 formally approved Special Economic Zones (SEZs) in Shenzhen, Zhuhai, and Shantou in Guangdong Province, and in Xiamen in Fujian Province. The purposes were to attract more foreign investment, increase exports, and link China more closely with the world economy. Further, Special Economic Zones were designed as China's first experimental base of economic reform for the whole country to learn how to develop foreign economic relations and develop economic and technological cooperation with the outside world. By absorbing foreign capital and advanced technology and management, Special Economic Zones were expected to promote their productive forces and help enliven China's overall economy.

Date: 1991
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