In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ?
Correct answer: A. special economic zones
- A. special economic zones
- B. liberalized trade monopoly zones
- C. Economic Union zones
- D. Communist free trade areas
Explanation
China established special economic zones beginning in 1979 to attract foreign investment through relaxed regulations, duty-free imports and export-oriented production. Shenzhen was the best-known early example.
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