Abstract
AbstractOverseas Economic and Trade Cooperation Zone (OETCZ) is a new model of China’s Opening-up Strategy. It establishes a platform for enterprises to invest abroad. The thesis probed into the functions of the OETCZ, such as changing product origins, avoiding trade barriers, transferring overcapacities and acquiring scarce resources. Furthermore, the paper puts forward the suggestions for promoting healthy development of the OETCZ.
Highlights
The unveiling of Sino-Pakistan Haier - Ruba Economic Zone on November 26, 2006 meant the beginning of the construction of China’s Overseas Economic and Trade Cooperation Zone (OETCZ)
The OETCZ is an active exploration and practice of China’s further opening-up strategy. It is a new model of foreign economic cooperation and an effective way to implement the "going out" strategy of China
By the end of October 2013, Chinese companies have built 16 overseas economic and trade cooperation zones in 13 countries, with an actual investment amount of $4.4 billion, 390 enterprises entering into the zones, accumulated $12.9 billion of value of output
Summary
The unveiling of Sino-Pakistan Haier - Ruba Economic Zone on November 26, 2006 meant the beginning of the construction of China’s Overseas Economic and Trade Cooperation Zone (OETCZ). Since the OETCZ has developed rapidly and become an important platform for China’s foreign direct investment. The OETCZ is an active exploration and practice of China’s further opening-up strategy. It is a new model of foreign economic cooperation and an effective way to implement the "going out" strategy of China. This model has been born not long, it has fully demonstrated its strong vitality. How to promote this way and how to promote the healthy development of the OETCZ is an important problem to be studied
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