Question:
Discuss the impacts of Special Economic Zones (SEZs) on the economic growth of China.
Discuss the impacts of Special Economic Zones (SEZs) on the economic growth of China.
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SEZs are effective tools for economic reforms, fostering industrial and export growth.
Updated On: Jan 30, 2025
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Solution and Explanation
Attracted massive foreign direct investment (FDI) due to favorable policies.
Boosted industrialization, creating jobs and reducing unemployment.
Encouraged exports, contributing to China's trade surplus and economic development.
Facilitated technology transfer and skill development, increasing productivity.
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