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EPZ-National
Export Processing Zone
Based on a thorough investigation in the practice of the developed
countries in management of processing trade, the State Council selected
and approved 15 cities such as Guangzhou, Beijing and Dalian to
pilot enclosed management schemes over export processing zones or
EPZ in April 2000. The EPZ is intended to be a special enclosed
area supervised by the Customs. As a matter of fact, the establishment
of EPZ is one of the major steps taken by China to expand its involvement
in the international market and further open its market to the outside
world. It is most helpful in the promotion of export, improvement
in the management of processing trade, utilization of foreign capital
in a more active, practical, and effective way, and development
of the local economy.
BECZ-National
Border and Economic Cooperation Zone
For the open cities along the border, the BECZ is the area to develop
frontier trade and carry out processing for re-export. Opening to
the outside world along the border areas in China's central and
western parts is our important policy to develop trade, economy
and good-neighbor relationship with the surrounding countries. It
also plays positive roles in flourishing the economy of the national
minority areas. The State Council has approved 14 BECZs since 1992.
ETDZ-National Economic
and Technological Development Zone
The Economic Technological Development Zones(ETDZ) constitutes part
of China's policy of Opening up to the outside world. By carving
up a relatively small piece of land in the open city and building
perfect infrastructures in this locality, an investment Surrounding
conforming to international standards will be created. By way of
absorbing and taking advantage of foreign capital, the modernized
industrial configuration with new, and high technology as its mainstay
will eventually take shape and become the essential territory in
developing foreign economic and trade in the local urban and it
surrounding areas. Up to the present, there are State Council approved
ETDZs. (including several economic areas such as Shanghai Lujiazui
Finance and Trade Zone, Suzhou Industrial Park, Shanghai Pudong
Jinqiao Export Processing Zone, Ningbo Daxie Development Zone, Xiamen
Haicang Investment Zone and Yangpu Development Zone. The open policies
are also carried out in these zones.)
FTZ-National Free Trade
Zone
Approved by the State Council, and like the free trade zone in the
world, China free trade zone(FTZ) is a specialized area for international
trade and bonded operations within the area, activities of foreign
investment, international trade, bonded warehouses and processing
for reexport are allowed. Presently all fifteen free trade zones
in China are in operation. They are the new junctures welding China's
economy with the world's economy.
HIDZ-National Hi-Tech Industrial Development
Zone
The establishment and development of new/high tech industrial development
zones(HIDZ) are an important component of the Torch Programmed and
an inevitable outcome of reform, opening to the outside world and
the social development of the socialist market economy .The new/high
tech industrial development zones are based on intensive intelligence
and open environment and mainly depend on China's own scientific
and technological and economic strength. They are concentrated zones
established for purposes of transforming achievements of science
and technology into practical productive force to the maximum extent
through local optimization of soft and hard environments, orienting
to both domestic and overseas markets and developing China's new/high
tech industries. Up to the present, there are altogether 53 State
Council approved HIDZs.
THR-National Tourist
and Holiday Resort
In order to further open its market to the outside world, exploit
rich tourist resources and speed up the tourist industry, the State
Council decided to choose the regions with ripe conditions as National
Holiday and Tourist resort, where the enterprises and the tourist
equipment and projects invested by foreign businessmen are encouraged.
To date, there are 11 national holiday and tourist resorts by the
approval of the State Council.
TIZ-Taiwanese Investment
Zone
With the rapid development of intercourse between the two sides
of the strait, Fujian Province took the lead in being the investment
hot spot for Taiwanese business people. To further develop the economic
and trade relations between the two sides of the strait, the following
three investment zone were approved the State Council in 1989, Fuzhou
Taiwanese Investment Zone, Xilin Taiwanese Investment Zone, Haicang
Taiwanese Investment Zone. Jimei become the fourth in December,
1992. To date, Four Taiwanese Investment Zone are all in Fujian
province approved by the State Council.
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