In 1978 the
Chinese government decided to implement the opening-up
policy in a planned way while starting the economic
restructuring. Beginning from 1980, China established
five special economic zones in Shenzhen, Zhuhai and
Shantou in Guangdong Province, Xiamen in Fujian Province,
and Hainan Province.
In 1984 China further opened 14 coastal cities to the
outside world, namely, Dalian, Qinhuangdao, Tianjin,
Yantai, Qingdao, Lianyungang, Nantong, Shanghai, Ningbo,
Wenzhou, Fuzhou, Guangzhou, Zhanjiang and Beihai. Starting
from 1985 China listed the Yangtze River Delta, Pearl
River (Zhujiang) Delta, South Fujian Triangle, Shandong
Peninsula, Liaodong Peninsula, Hebei and Guangxi as
the economic open areas, thus forming an open coastal
economic belt.
In 1990 the Chinese government decided to develop and
open the Shanghai Pudong New Zone, and further open
a number of cities along the Yangtze River, thus forming
the Yangtze River Open Belt with Pudong as the leader.
Since 1992 the Chinese government has opened a number
of border cities and the capital cities of all the inland
provinces and autonomous regions; set up 15 bonded zones,
47 state-level economic and technological development
zones and 53 new and high technology industrial development
zones in some large and medium-sized cities.
Consequently China has formed an all-round, multi-level,
wide-ranging opening-up setup integrating coastal regions,
border regions, riverine regions and inland regions.
As these areas adopt different preferential policies,
they have served as windows and played the radiation
role in developing export-oriented economy, generating
foreign exchange earnings by exporting products and
importing advanced technologies.
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