Coastal capitalist enclaves established during the late 1970s as part of reform and opening were known as:
A)trade towns.
B)duty-free districts.
C)special economic zones.
D)kaifa.
E)entrepôts.

Question

Quizplus · Accepted Answer

Coastal capitalist enclaves established during the late 1970s as part of reform and opening were known as special economic zones (SEZs). These were areas with special economic policies meant to attract foreign investment and spur economic growth through deregulation, tax incentives, and other preferential treatment for businesses operating within the zone. SEZs were first established in Shenzhen, Zhuhai, Shantou, and Xiamen, and have since expanded to other cities throughout China.

Coastal Capitalist Enclaves Established During the Late 1970s as Part