Special economic zones Flashcards

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1
Q

What is a special economic zone?

A

An area of land set aside by governments where business and trade rules are different from the rest of a country

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2
Q

In what year did China change its political attitude under what leader?

A

1978

Xiaoping

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3
Q

By how much did exports increase by?

A

$2 billion to $200 billion

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4
Q

When did China join the WTO?

A

2001

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5
Q

Where are two special economic zones in China?

A

Shenzen

Shantou

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6
Q

What is China’s transition to a increasingly open market known as?

A

The Open Door Policy

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