Special Economic Zones
- 1979 tour special economic zones are opened for trade and investments with the west
- Foreign firms were allowed to operate here
- Cheap labour was provided
- New technology and management practices were introduced
- Most firms come from Hong Kong to take advantage of the cheap labour
Summary
When China began to bring in Capitalist ways they did so with foreign firms which were companies from other countries who brought their factories into China where they could find cheap labour. This created special economic zones.