Export Processing Zones

Export Processing Zones in China-A Survey Report and a Case Study

Running in tandem with China’s gradual shift away from a planned towards a market economy, the development of EPZs has become the epitome of China’s reform and opening up, as well as a major catalyzer of this process.

Over the last three decades, the blossom of EPZs has made far-reaching contributions to the prosperity of China’s economic development. On one hand, being the center of industrial development, EPZs take full advantage of their scale effect and agglomeration effect in allocating market resources efficiently to achieve a healthy development of domestic market. On the other hand, being windows opening to the outside world, EPZs serve as major footholds for China to expand its international market share, extend its global production lines, as well as involve in worldwide economic competition.