Abstract
Since China decided to establish special economic zones (SEZs) in the cities of Shenzhen, Zhuhai, and Shantou in Guangdong province and in the city of Xiamen in Fujian province, the question of the nature of the SEZ economy has been a matter of constant concern. In academic circles it has brought about broad discussion with widely divided opinion. Some say the SEZ economy is capitalist in nature; some say it is socialist. There are also some who say it is New Democratic in nature. Still others consider it to be state capitalist in nature, or basically state capitalist. The question of how to recognize correctly the nature of the SEZ economy has important practical significance in regard to the implementation of this important policy decision by the Central Committee, and in regard to further emancipating our thought, strengthening our confidence, and pushing ahead with the construction of the SEZs. For this reason, it is necessary to engage in a theoretical discussion of this matter. This essay will addre...
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