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Beginning 1979, China established the four special economic zones of Shenzhen, Zhuhai, Shantou, and Xiamen, arousing the attention and concern of people at home and abroad. The pros and cons involving these SEZs have remained a controversial topic for the past few years. Economists in China and abroad have been particularly interested in the prospects and future of these zones. In my view, in order to make an appropriate evaluation of the SEZs work to date and their future prospects, we must first make a rough analysis of their nature, strategic goals, and strategic development stages.
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