Pioneering Economic Reform in China's Special Economic Zones
The Promotion of Foreign Investment and Technology Transfer in Shenzhen
First published in 1999, this volume assessed the economic situation of Shenzhen in Guangdong Province, China, including its trade connections with Hong Kong and foreign investments in the area. Designated as one of four Special Economic Zones (SEZ) as part of China’s domestic economic reform in 1979, Weiping Wu examines Shenzhen’s economic situation in the context of Hong Kong’s transition just two years prior to publication in 1997. Wu explores the developments in Shenzhen in local policy, labor costs, export performance, domestic linkages and complementarity with Hong Kong as a result of Hong Kong’s closer connection with the Shenzhen trade area. Shenzhen’s suitability can then be assessed in its role as an SEZ to experiment with and digest western technology and management techniques for inland China and as a buffer between China and the wider world.
Table of Contents
1. Conceptual and Policy Context. 2. Foreign Investment in Shenzhen: Proximity to and Complementarity with Hong Kong. 3. Local Policy Environment and Labor Costs. 4. Technological Content of Foreign Investment. 5. Export Performance and Domestic Linkages. 6. Conclusions and Policy Implications.