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| From Special Economic Zones to Free Trade Zones: the Deductive Logic of the Path and Goal of China’s Reform and Opening Up Drive |
| LUO Qing-he, ZHU Shi-yi |
| College of Economics, Shenzhen University, Shenzhen, Guangdong, 518060 |
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Abstract The special economic zones are“windows”and“experimental fields”of China’s reform and opening up drive. Their “altruistic” background determines they aim to break through the conventional planned economy and explore a new socialist market economy system that is conducive to China’s economic and social development. Established in the new era of comprehensively deepening reform, the free trade zones aim to achieve “mutual benefits”on the basis of “self-interest”. The establishment of the special economic zones came as the breakthrough of China’s reform and opening up drive, and the establishment of the pilot free trade zones like that in Shanghai further advanced the reform and opening up drive, and the establishment of the pilot free trade zones like that in Shanghai mirrored the comprehensively deepening reform and opening up drive. Compared with the special economic zones, the free trade zones help deepen the reform of special economic zones and facilitate the further development of the latter, but they both keep progressing through exploration and “trial and error”. The free trade zones are the experiments China initiated in the global economic competition, and may be called “the updated version” of special economic zones. From the special economic zones to the free trade zones, we can trace the development path and deductive logic of China’s reform and opening up. China’s free trade zones develop along two paths: one is to establish pilot free trade zones at home so as to provide valuable reference for deepening reform. The other is to establish free trade zones across borders with important economic and trade partners at present and in the future in the fields such as trade and investment. Our goal is to take part in international economic and technological cooperation and competition with still greater depth, in still more areas, and at still higher levels with the opening-up policy of integrating “bringing in” and “going global”, and at the same time, China will, with the Belt and Road Initiative, establish free trade zones together with the countries along the Belt and Road so as to provide new platforms for bilateral and multilateral cross-border trade.
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Received: 15 November 2017
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2018, Vol. 35 
