What is a Special Economic Zone?

In April 1979, Deng Xiaoping first proposed the establishment of an "export special zone", and in March 1980, the "export special zone" was renamed as a "special economic zone" and implemented in Shenzhen. In its essence, special economic zones are also one of the main forms of the world's free port area. By means of preferential measures such as tariff reduction and exemption, by creating a good investment environment, encouraging foreign investment, and introducing advanced technologies and scientific management methods, the purpose is to promote the economic and technological development of the countries where the SAR is located. Special economic zones implement special economic policies, flexible economic measures and special economic management systems, and adhere to the outward-oriented economy as the development goal.

I. Institutional compatibility, evolution and economic performance
Special economic zone
The basic experiences of China in building and developing special economic zones are:
perfect
The significance of establishing a special economic zone is:
Can
Special economic zones must adhere to the socialist direction. In 1986,
Since May 1, 2011, the scope of Shantou Special Economic Zone has been extended to the whole city. In the past year, Shenzhen, Xiamen, Zhuhai, Shantou and other four earliest special economic zones in China have expanded their scope.
Analysts point out that expansion is not just a simple expansion of the SAR in geographic scope, but will inject new development momentum into these former reform and opening up positions, expand the radiating power of the first-mover advantage of the SEZ, and promote China's regional economic balance Make new contributions to development.
Special economic zones are special areas and special management areas set up by China in the early 1980s in order to explore the road of reform and opening up. Zhong Jian, director of the Shenzhen Special Economic Zone Research Center, told reporters that the special preferential policies enjoyed by special economic zones have gradually disappeared since the mid-1990s. The expansion to the whole city is quite interesting. "
The reporter learned from the Shantou Municipal Party Committee that the State Council approved the expansion of the Shantou Special Economic Zone to the entire city on March 24, 2014, and it was officially implemented from May 1. The expansion will enable the Shantou Special Economic Zone to cover 2064.4 square kilometers of land in the city, and the area of the Special Economic Zone will increase by nearly 9 times. In the second half of 2010, the three special economic zones in Shenzhen, Xiamen and Zhuhai have expanded their scope to the city. [6]

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