as in Hong Kong.
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SEZS to some extent modelled on/influenced by capitalist system of Hong Kong. According to New China News Agency report of 3 June 1988 Deng Xiaoping said "China was planning to set up several Hong Kong-type areas on the mainland".
RELATIONSHIP BETWEEN HONG KONG AND SHENZHEN SEZ
Prime example of cooperation betwen Hong Kong and China.
Much of Shenzhen's prosperity and development results from its proximity to and relations with Hong Kong.
First and largest of China's Special Economic Zones: covers area of over 300 square kilometer and has a population of 600,000.
About 90% of foreign Located immediately to North of Hong Kong. investment comes from Hong Kong investors.
Served as a testing ground for experimenting with new ways of attracting foreign investment, encouraging trade and developing the necessary legislation. China plans systematically to introduce economic laws and regulations of Hong Kong into SEZs.