July 16 (Gengshen years), August 26, 1980, China formally set up a special economic zone. the



Shenzhen
today August 1980, the 15th meeting of the Standing Committee of the Fifth National People's Congress decided to approve the decision by the State Council in Guangdong Province, Shenzhen, Zhuhai, Shantou and Fujian Province, Xiamen establishment of special economic zones. Proposed by the State Council in 1980, the Special Economic Zone in Guangdong Province, "" target = "_blank"> Special Economic Zone Ordinance provides that: SAR encourage businessmen and their companies to invest and set up factories or with our joint venture to set up factories to set up enterprises and other industrial and tax , finance, land and labor wages due the favorable terms. The four SAR total area of ​​526.26 square kilometers, which are different from those of the management system of the Mainland and conglomerate mainly joint ventures, cooperative ventures, wholly foreign-owned enterprises, the coexistence of a variety of economic, integrated system.