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Question : The Special Economic Zone (SEZ) concept was first introduced in

Option 1: China

Option 2: Japan

Option 3: India

Option 4: Pakistan


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: China


Solution : The correct option is China .

Special Economic Zones (SEZs) were first introduced in the late 1970s by China , notably in Shenzhen in 1980. They were part of China's economic reforms and opening-up policy under Deng Xiaoping. SEZs are designated areas within a country with special economic regulations and incentives to encourage economic activity, including tax breaks, reduced regulations and streamlined customs procedures.

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