[Answer] Why were free trade zones created in China?

Answer: to attract investments by foreign countries

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Why were free trade zones created in China? China Announces Free Trade Zones in Six Provinces Trade Agreements Flashcards | Quizlet China Announces Free Trade Zones in Six Provinces Special economic zone | Chinese economics | Britannica They leaned the Model imitated it well invested into it created more free Trade Zones and today owns some of the best TFZ in the world. These are tax-free zones so goods produced here are cheaper for export. Reasons they stand to have one of the best export-orientated economies in … Special economic zones (SEZs) in mainland China are granted more free market-oriented economic policies and flexible governmental measures by the government of China compared to the planned economy elsewhere. This allows SEZs to utilize economic management which is more attractive to foreign and domestic businesses. In SEZs "...foreign and domestic trade and investment are conducted without the authorization of the Chinese central government in Beijing" with "tax and business incentives to attract Sep 21 2020 · Three new pilot free trade zones in the Chinese capital city of Beijing the southern province of Hunan and the eastern province of Anhui were announced on Monday. Special economic zone (SEZ) Chinese (Pinyin) jingji tequ or (Wade-Giles romanization) ching-chi t’e-chü any of several localities in which foreign and domestic trade and investment are conducted without the authorization of the Chinese central ...

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