bonded zone

More than 1,100 cities at county level were opened to the outside world, and 13 bonded zones and other a lot of economic development zones were set up.

The special regulations that had enabled the coastal provinces to take off were extended to Shanghai: tax exemptions for enterprises doing business with foreign companies, tax holidays for new factories set up with foreign investment and a bonded zone, the largest in China, for duty-free imports of raw materials.