Free and special economic zone in China
Hong Kong
Hong Kong is a founding member of the World Trade Organisation (WTO), Hong Kong is firmly committed to free and open trade. There is no barrier on trade. Hong Kong does not charge tariff on importation or exportation of goods. Import and export licensing is also kept to a minimum. Licensing is only imposed when there is a genuine need to fulfil obligations undertaken by Hong Kong to our trading partners, or to meet public health, safety or internal security needs.
After the reunification with China in 1997, Hong Kong has continued its separate membership to the WTO using the name "Hong Kong, China".
www.discoverhongkong.com
Hong Kong is a founding member of the World Trade Organisation (WTO), Hong Kong is firmly committed to free and open trade. There is no barrier on trade. Hong Kong does not charge tariff on importation or exportation of goods. Import and export licensing is also kept to a minimum. Licensing is only imposed when there is a genuine need to fulfil obligations undertaken by Hong Kong to our trading partners, or to meet public health, safety or internal security needs.
After the reunification with China in 1997, Hong Kong has continued its separate membership to the WTO using the name "Hong Kong, China".
www.discoverhongkong.com
Special Economic Zones in China
Special Economic Zones (SEZ) were created after Deng Xiaoping’s 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. The policies include investment in new infrastructure like office buildings and banks and preferential tax exemptions for foreign firms who want to invest in China.
Shenzhen became the model for China’s Special Economic Zones (SEZ) when it was transformed from 126-square-miles of villages known for sales of knockoffs to a bustling business metropolis. Located a short bus ride from Hong Kong in southern China, Shenzhen is one of China’s richest cities.
Where Are the Special Economic Zones?
Four Special Economic Zones (SEZ) were established in 1979, three in Guangdong province and one in Fujian province:
Shantou
Shenzhen
Xiamen
Zhuhai
Fourteen cities plus Hainan Island were also added to the list in 1986:
Beihai
Dalian
Fuzhou
Guangzhou
Lianyungang
Nantong
Ningbo
Qinhuangdao
Qingdao
Shanghai
Tianjin
Wenzhou
Yantai
Zhanjiang
Special Economic Zones (SEZ) were created after Deng Xiaoping’s 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. The policies include investment in new infrastructure like office buildings and banks and preferential tax exemptions for foreign firms who want to invest in China.
Shenzhen became the model for China’s Special Economic Zones (SEZ) when it was transformed from 126-square-miles of villages known for sales of knockoffs to a bustling business metropolis. Located a short bus ride from Hong Kong in southern China, Shenzhen is one of China’s richest cities.
Where Are the Special Economic Zones?
Four Special Economic Zones (SEZ) were established in 1979, three in Guangdong province and one in Fujian province:
Shantou
Shenzhen
Xiamen
Zhuhai
Fourteen cities plus Hainan Island were also added to the list in 1986:
Beihai
Dalian
Fuzhou
Guangzhou
Lianyungang
Nantong
Ningbo
Qinhuangdao
Qingdao
Shanghai
Tianjin
Wenzhou
Yantai
Zhanjiang