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1980 SPECIAL ECONOMIC ZONES In April 1979, Deng Xiaoping first proposed a "special export zone" pilot. In May 1980, China decided to rename the four "special export zones" of Shenzhen, Zhuhai, Shantou and Xiamen as "special economic zones". The government reduces or exempts tariffs to encourage foreign investment and the introduction of advanced technology and scientific management in order to promote economic and technical development. #ChinaHistory #Modernization | CGTN China24
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