China's construction of overseas economic and trade cooperation zones is one of the important measures for the Chinese government to promote opening up and strengthen international cooperation. The Chinese government supports powerful enterprises to carry out various forms of mutually beneficial cooperation abroad, so as to promote the common development with the host country. When Chinese enterprises invest in overseas economic and trade cooperation zones, they will attract more enterprises to invest and set up factories in the host countries, which will increase the employment and tax revenue of the host countries, increase foreign exchange earned through export, improve technological level and promote common economic development. This paper aims to explore the characteristics, models and similarities and differences of China's overseas economic and trade cooperation zone construction with similar mechanisms in other countries through comparative analysis, so as to deeply understand China's role in the global economy. The construction of China's overseas economic and trade cooperation zones will provide important opportunities for Chinese enterprises to expand the international market and improve their international competitiveness, and also make positive contributions to promoting global economic cooperation and development.
Read full abstract