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Download China's Economic Zones: Design, Implementation and Impact by Tao Yitao, Lu Zhiguo PDF

By Tao Yitao, Lu Zhiguo

The institution of particular fiscal Zones (SEZs) marked an important milestone in China's sluggish market-oriented reform method, and the developmental fluctuations of those zones deals an in-depth figuring out of the complexities and problems of reform. in addition they supply severe perception into China's 30 years of monetary and social transformation. Now to be had in paperback, this ebook examines China's 8 SEZs within the order within which they have been confirmed. Key assurance comprises the historical past to the SEZs' institution and an in depth description of its improvement, whereas the complicated reform policy-making technique, achievements, demanding situations, and problems - so that it will must be confronted for destiny advancements - also are explored. functional and well-structured, the booklet is jam-packed with a wealth of data. The panoramic assessment and research presents not just a historical past of reform and improvement of China's 8 SEZs, but in addition an in-depth experience of the waves of old swap and fiscal reform that have for the final 30 years washed opposed to China, Asia's historic colossus. The 8 SEZs tested are: Shenzhen, Zhuhai, Shantou, Xiamen, Hainan, Shanghai (Pudong New Area), Tianjin (Binhai New Area), and Chengdu-Chongqing. (Series: fiscal historical past in China) [Subject: Asian stories, chinese language experiences, Economics, heritage]

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Extra info for China's Economic Zones: Design, Implementation and Impact

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Hong Kong, as an important international financial center, holds a great deal of information on the world economy. It's another window through which we observe the world. With the deepening of opening up, people's understanding of Hong Kong and the abroad also constantly deepens. The outside world is far more than the buildings and the traffic one can see across the Shenzhen River. From this window, we have a better understanding of flows and the operation ofintemational capital, the development of world science and technology, rules and skills of international trade and the management of multinational companies.

Com. shtml -24- Central Government provided policy support rather than monetary support. Therefore, how to raise funds for urban construction was a difficult issue for first few municipal leaders. Breakthrough lied in land management and utilization. Through continuous exploration, Shenzhen adopted an approach managing land resource and land assets. It took the lead in the implementation of paid transfer of land using rights so as to attract investment and make money by land. In the early period of 1980s, as the main source of investment in city construction, the government established five companies: Housing Development Corporation (formerly known as Infrastructure Working Group), Industrial Development Services Company, Trust Investment Company, Guangdong Nuclear Power Service Corporation, and South Sea Petroleum Service Corporation.

However, with inadequate result of the "Notification," the wave of illegal immigration still could not be contained. On May 14, 1979, Gu Mu, the Vice-Premier, visited Shenzhen. He commented on the phenomenon of Hong Kong influx, saying, "Under the current situation, a lot of people are immigrating to Hong Kong, but I believe in the future the trend will definitely be reversed. " In fact, Gu Mu was already aware that where to immigrate depended on the attraction of the destination. The most fundamental approach for stopping illegal emigration was to develop the productivity and genuinely enhance living standards.

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