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As part of its economic reforms and policy of opening to the world, between 1978 and 1984 China established special economic zones (SEZs) in Shantou, Shenzhen, and Zhuhai in Guangdong Province and Xiamen in Fujian Province as well as designating the entire island province of Hainan as a special economic zone. [15] In 1984, China opened 14 other ...
The National Economic and Technological Development Zones (simplified Chinese: 国家 级 经济技术开发区; traditional Chinese: 國家級經濟技術開發區; pinyin: Guójiājí Jīngjì Jìshù Kāifā Qū) are the special areas of the People's Republic of China where foreign direct investment is encouraged.
The definition of an SEZ is determined individually by each country. According to the World Bank in 2008, the modern-day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management or administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and ...
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the jurisdiction within which it is located. SEZs are generally established to increase foreign direct investment or facilitate export-oriented manufacturing. Depending on its purpose, an SEZ typically has less strict border control ...
A China-owned special economic zone in Cambodia has denied that its firms have been fined by the United States for transhipping goods from China in a bid to dodge U.S. President Donald Trump's ...
The Shenzhen Special Economic Zone (Chinese: 深圳经济特区) is a special economic zone (SEZ) of China. One of four special economic zones (SEZ) established in May 1980, it was the first SEZ created by Deng Xiaoping , [ 1 ] and, like the other three zones, was modeled after Ireland 's Shannon Free Zone .
Malaysia and Singapore leaders signed an agreement on Tuesday to create a special economic zone to attract global investment and ease the cross-border flow of goods and people. Malaysian Prime ...
Special Economic Zone as per Central Sales Tax, 1956 --> A Special Economic Zone (SEZ) is a geographically bound zone where the economic laws relating to export and import are more liberal as compared to other parts of the country. These are like a separate island within the territory of India.