China's economy today Flashcards
1
Q
China has become the leader in global economy
A
As we know china establish a special economic zone in Shanghai in 1990. In an area with business are free to develop without government control, people love the way they live by their higher standard.
2
Q
New strategy for growth
A
China limited its SEZs to cities and provinces. Chinese leaders encouraged trade and foreign investment in these SEZs by offering lower taxes and fewer regulations on import and export.
