SEZs and Open a Door Policy

Question 1

SEZ

Answer 1

Areas of land set aside by the government where companies an import and export materials and products without paying tariffs

Question 2

China’s open door policy

Answer 2

Before 1978, china was “switched off” from the global economy.
“Open door” policy allowed china to embrace globalisation while remaining under a one party authorisation rule.

Question 3

Migration within china due to the policy

Answer 3

The largest mass migration took place with 300million people moving from rural to urban areas in search of a better life.
Only a strict system called Hukou stopped rural villages from emptying completely.

Question 4

Pearl river delta

Answer 4

An urban mega region grew around the PRD with 120 million people.
Includes joined cities of Shenzhen, Dongguan and Guangzhou

Question 5

SEZs at the pearl river delta

Answer 5

By 1990, 50% of China’s GDP was being generated in SEZs.
Since then, China’s economy has matured quickly.
Today China’s is the world’s largest economy with 400million people said to have escaped poverty since reforms began

Question 6

Open door approach to global flow

Answer 6

FDI from china and its TNCs is predicted to total $1.25trillion between 2015/2025
China agreed to export more “rare earth” minerals to other countries, in line warpath WTO ruling
Foreign TNCs Andre now allowed to invest in China’s domestic market (rail, freight, chemical industries)

Question 7

Closed door approach to global flows

Answer 7

Google and Facebook have little or no access to China’s market (Youku provide social sites)
China’s govern,net set up a strict quota for only 34 foreign films to be screened per year
Strict controls on foreign TNCs in some sectors. (Government blocked Coca Cola’s acquisition of Huiyan juice)