Special Economic Zones (SEZs) were established in China to attract:
Show Hint
- Rural workers
- Foreign Direct Investment (FDI)
- Agricultural technology
- Political support
The Correct Option is B
Solution and Explanation
China's economic liberalization under Deng Xiaoping from 1978 onwards was characterized by a pragmatic, export-oriented strategy that selectively opened certain geographical zones to foreign capital.
Step 2: Detailed Explanation:
China established Special Economic Zones (SEZs) to attract Foreign Direct Investment (FDI). These zones offered special incentives such as tax concessions, relaxed labor laws, and better infrastructure to foreign companies. The first four SEZs were established in 1980 in coastal cities (Shenzhen, Zhuhai, Shantou, and Xiamen). They became powerful engines of China's export-led growth, integrating China into the global economy.
Step 3: Final Answer:
SEZs were established in China primarily to attract Foreign Direct Investment (FDI).
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