Special Economic Zones.
•1979 four special economic zones were opened for trade and investment with the west
•Foreign firms were allowed to operate here
•Cheap labour was provided
•New technology and management practices were introduced
•Most firms come from Hong Kong to take advantage of the cheap labour
•Foreign firms were allowed to operate here
•Cheap labour was provided
•New technology and management practices were introduced
•Most firms come from Hong Kong to take advantage of the cheap labour
Summery
China begins its economic freeform allowing foreign investment and free trade in small prosperous economic zones scattered across china.