It refers to the implementation of special economic policies, flexible economic measures and special economic management systems. Such as reducing or exempting tariffs, providing an ideal investment environment and a well-organized leadership and management system, and increasing foreign investment and foreign exchange income, thus promoting the country's economic development.

Special Economic Zone (SEZ) refers to a geographical concept, which is mainly established by the national government in order to attract foreign investment or international multinational enterprises to settle in, and the laws are looser than those in China or have favorable conditions for economic development. In addition to the provincial economic decision-making power, they can also adopt a more open policy in foreign economic activities.

Extended data:

The national special economic zones are Shenzhen, Zhuhai, Shantou, Xiamen and Hainan. In fact, all provinces and cities now have their own development zones and other areas where special economic policies are implemented. In a sense, they are also special economic zones, but there is no official country name.

Main characteristics of China Special Economic Zone

1, the funds for the economic development of the special zone are mainly the use of foreign capital;

2. The economic activities of special economic zones are mainly regulated by the market;

3. Give special preferential treatment and convenience to merchants who come to invest;

4. The state gives the SAR more economic autonomy.

Baidu encyclopedia-special economic zone