These special economic zones attempted to stimulate the Chinese economy by "raising tariffs" These tariffs made it more profitable for the Chinese to produce goods.
How were the special economic zones SEZs intended to help China's economy?
In addition to spurring the Chinese economy by attracting foreign investment, the SEZs also helped reform the Chinese economy through the processing of imported materials, compensatory trade, cooperative enterprises, joint ventures and enterprises based on foreign capital
Why did the "special economic zones" (SEZs) of China succeed?
They used foreign investment to stimulate the Chinese economy
How do special economic zones contribute to economic growth?
SEZs can help attract investment, create jobs and boost exports – both directly and indirectly, where they succeed in building linkages with the broader economy. Zones can also support global value chain (GVC) participation, industrial upgrading and diversification. Zones are a key investment promotion tool.
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