“We expect to make our expressway signs easy to understand, particularly for non-natives and foreigners.” Wang Rong secretary of the Shenzhen Municipal Committee of the Communist Party of China. Celebrates 30th anniversary as China's first economic reform zone Monday. Sept. 6, 2010.
- 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 introduced
- Most firms come from Hong Kong to take advantage of the cheap labour
Summary:
The four special economic zones were opened in 1979 and were opened for trade and investment with the west.Foreign films at this time were allowed to operate, plus cheap labour was provided. Also, new technology and management practises were introduced and most of the firms had come from Hong Kong to take advantage of the cheap labour that was provided.
What Are Special Economic Zones?
Are defined as geographical areas, governed by one oversight management body, that offer special trade incentives to firms who choose to physically locate within them.
- Foreign firms were allowed to operate here
- Cheap Labour was provided
- New technology and management practices were introduced
- Most firms come from Hong Kong to take advantage of the cheap labour
Summary:
The four special economic zones were opened in 1979 and were opened for trade and investment with the west.Foreign films at this time were allowed to operate, plus cheap labour was provided. Also, new technology and management practises were introduced and most of the firms had come from Hong Kong to take advantage of the cheap labour that was provided.
What Are Special Economic Zones?
Are defined as geographical areas, governed by one oversight management body, that offer special trade incentives to firms who choose to physically locate within them.