CHINA’S OVERSEAS SPECIAL ECONOMIC ZONES: EXPERIENCE OF THE REPUBLIC OF BELARUS

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

  O. Drobotiuk

  V. Monashova

Abstract

One of the key levers for attracting foreign capital and realizing the export potential in developing countries is special economic zones, within which a favorable investment climate is ensured due to the special tax regime, preferences in financial support for export and innovative activities of companies – preferential lending rates, government financing. In the early 1980s, the Chinese government began to actively create special economic zones in coastal cities, which in the future ensured the influx of foreign capital, the development of industry, the creation of new jobs, rapid economic growth and improving the quality of life of the population. In 2006, the Chinese government initiated the creation of overseas economic zones to expand its own experience in industrialization and facilitate trade and economic cooperation with other countries of the world. In the modern “One Belt, One Road” Initiative, the development of overseas zones of economic and trade cooperation and overseas industrial parks is one of the new forms of partnership between China and host countries. The article is devoted to topical issues in the development of trade and economic relations between the PRC and developing countries. The work explores the experience of creating foreign special economic China in developing countries, in particular in the Republic of Belarus. An analysis is made of the economic development of the Republic of Belarus as a result of the creation of the China–Belarus Great Stone Industrial Park on its territory.

How to Cite

Drobotiuk, O., & Monashova, V. (2021). CHINA’S OVERSEAS SPECIAL ECONOMIC ZONES: EXPERIENCE OF THE REPUBLIC OF BELARUS. Chinese Studies, (2), 29-37. Retrieved from https://chinese-studies.com.ua/index.php/journal/article/view/109
Article views: 90 | PDF Downloads: 0

##plugins.themes.bootstrap3.article.details##

Keywords

China, special economic zones, industrial park, Great Stone, Belarus, economic development

References
Farole, T. (2011), “Special Economic Zones: What Have We Learned?” World Bank Economic Premise, 1–5.
Farole, T., & Akinci, G. (2011), Special Economic Zones: Progress, Emerging Challenges, and Future Directions, World Bank (Directions in Development Series), Washington, D.C.
Kolkin, D. (2018), Belarus: Comparative Research on Industrial Parks and Special Economic Zones, EBRD.
Ministry of Commerce PRC (2019), Outward Investment and Cooperation and Implementation of Foreign Aid Achieved High-quality Development and Made Deep and Solid Progress in the Joint Construction of the Belt and Road Initiative, Retrieved from Yearly Overview XIV for the Commerce Work in 2019: http://english.mofcom.gov.cn/article/newsrelease/significantnews/202001/20200102930804.shtml
Ministry of Commerce PRC (2019a), Tōngguò quèrèn kǎohé de jìngwài jīngmào hézuò qū mínglù, Retrieved from: http://fec.mofcom.gov.cn/article/jwjmhzq/article01.shtml
National Statistical Commettee of the Republic of Belarus (2019a), Statistical Yearbook of the Republic of Belarus, 2019, National Statistical Commettee of the Republic of Belarus, Minsk.
National Statistical Committee of the Republic of Belarus (2019), The main indicators of the activity of the residents of China-Belarus Industrial Park Great Stone, Retrieved from National Statistical Committee of the Republic of Belarus: https://www.belstat.gov.by/en/ofitsialnaya-statistika/macroeconomy-and-environment/small-area-statistics/special-economic-zones/annual-data/the-main-indicators-of-the-activity-of-the-residents-of-china-belarus-industrial-park-great-stone/
Overseas Industrial Parks (2018), Retrieved from: http://shandong.chinadaily.com.cn/2018-05/16/c_227022.htm
UNCTAD (2019), World Investment Report 2019, United Nations Publications, New York.
UNDP (2019), Report on Fostering Sustainable Development through Chinese Overseas Economic and Trade Cooperation Zones along the Belt and Road, UNDP.
Zhōng guó jìng wài jīng mào hé zuò qū (2019), Jìng wài hé zuò qū de tú, Retrieved from Zhōng guó jìng wài jīng mào hé zuò qū: http://www.cocz.org//templates/_subsite/cocz/images/map2.jpg