Open AccessThe development from special economic zone (SEZ) to free trade zone (FTZ) of China
Author(s) -
Bao Na
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/667/1/012008
Subject(s) - special economic zone , free trade zone , china , exclusive economic zone , universality (dynamical systems) , economic system , socialism , business , international trade , economics , economic geography , geography , political science , communism , physics , archaeology , quantum mechanics , politics , law
The experience of many countries shows that the presence of high innovative potential is a necessary factor of economic growth in the modern world. The establishment of special economic zones at the early stage of the policy of reform and opening up helped to reduce its cost. If the establishment of special economic zones reflects the Chinese characteristics (road of socialism with Chinese characteristics), the establishment of free trade zones reflects its universality.