China's Special Economic Zones

Definition

China's Special Economic Zones (SEZs) refer to designated areas within China where the government has implemented special economic policies and measures to attract foreign investment, promote industrialization, and encourage economic growth. These zones offer incentives such as tax breaks, streamlined regulations, and preferential treatment for businesses.

Related terms

Export Processing Zone (EPZ): An EPZ is a type of special economic zone where goods are produced primarily for export purposes. They often have favorable trade policies and infrastructure specifically designed to support export-oriented industries.

Free Trade Zone (FTZ): A FTZ is an area where goods can be imported, manufactured, processed, and re-exported without significant customs restrictions or duties. It encourages international trade by reducing barriers and promoting business activities.

Industrial Park: An industrial park is a designated area typically located near transportation hubs that provides infrastructure and facilities for various industries. It aims to attract companies by offering ready-to-use land or buildings with access to utilities and services.