Special Economic Zones of the People's Republic of China
are Special Economic Zones
(SEZs) located in mainland China
. The government of the People's Republic of China
gives SEZs special economic policies and flexible governmental measures. This allows SEZs to utilize an economic management system that is especially conducive to doing business that does not exist in the rest of mainland China.
Since the late 1970s, and especially since the 3rd Plenary Session of the 11th CPC Central Committee in 1978, the PRC government has decided to reform the national economic setup
. The basic state policy has focused on the formulation and implementation of overall reform and opening to the outside world.
During the 1980s, the PRC passed several stages, ranging from the establishment of special economic zones and open coastal cities and areas, and designating open inland and coastal economic and technology development zones.
Since 1980, the PRC has established special economic zones in Shenzhen
in Guangdong Province
in Fujian Province
, and designated the entire province of Hainan
a special economic zone.
In August 1980, the National People's Congress
(NPC) passed "Regulations for The Special Economy Zone of Guangdong
Province" and officially designated a portion of Shenzhen
as the Shenzhen Special Economy Zone (SSEZ).
In 1984, the PRC further opened 14 coastal cities to overseas investment: Dalian