Special economic zones in China's modernization: changing policies and changing fortunes.

China has elected to promote high technology enterprises instead of the full range of export industries in Special Economic Zones (SEZs) which differ from Export Processing Zones (EPZs) elsewhere, particularly in scale, comprehensiveness of organization, and the mix of enterprises. Four SEZs have been established since 1979, though the southern geographical bias has given rise to some resentment. Specific inducements are offered to SEZ investors and a number of other benefits are also noted. Recent developments in the SEZs are described, and policy changes are considered.-D.G.Price