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  • Free Trade Zones in China

Free Trade Zones in China

Review and Prospect

Jianfa Shen, Yue-man Yeung

English , 2002/01 HKIAPS, Occasional Paper Series Hong Kong Institute of Asia-Pacific Studies, CUHK

Tags: China Studies

215 x 140 mm , 38pp ISBN / ISSN : 978-962-441-122-5

  • US$3.00

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The open policy has been instrumental in the rapid economic development in China since 1978. Through the establishment of special economic zones (SEZs), open coastal cities, open economic areas, economic and technology development zones, free trade zones (FTZs) and more recently export processing zones (EPZs), China has gradually opened its territory for foreign investment and international trade. This paper provides a detailed account of the process of China's opening to the outside world, key policy measures implemented in various special areas, including SEZs and FTZs, and the progress to date. Cases of Hong Kong, Shenzhen SEZ and Shanghai Waigaoqiao FTZ are examined in detail to shed light on the development and challenges of free trade areas after the entry of China into the World Trade Organization (WTO) in December 2001.

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