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Based on a thorough investigation in the practice of the developed countries in management of processing trade, the State Council selected and approved 15 cities such as Guangzhou, Beijing and Dalian to pilot enclosed management schemes over export
processing zones or EPZ in April 2000. The EPZ is intended to be a special enclosed area supervised by the Customs. As a matter of fact, the establishment of EPZ is one of the major steps taken by China to expand its involvement in the international market and further open its market to the outside world. It is most helpful in the promotion of export, improvement in the management of processing trade, utilization of foreign capital in a more active, practical, and effective way, and development of the local economy.
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