special economic zones
Notes
- 1979 four special economic zones were opened for trade and investment with the west
- Foreign firms were allowed to operate here
- Cheap labour was provided
- New technology and management practices were introduces
- most firms come from Hong Kong to take advantage of the cheap labour.
Summary
Special Economic Zones were created after Deng Xiaopings economic reforms were implemented in China in 1979. Special Economic Zones are areas where market driven capitalist policies are implemented to entice foreign businesses to invest in china.
Quotes
"To get rich is glorious" - Deng Xiaoping
Subjunctive Question
How did the special economic zones change China's economy for the future?
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