Abstract
There can be little doubt that the opening of China to foreign investment was a critical moment in the evolution of Chinese diaspora business. The opening of the Pearl River Delta and the ten coastal cities in 1985 came at a crucial time for the business communities in Hong Kong, Taiwan and Singapore. The initial period of economic reform in China from 1979–85 had provided few such opportunities. Foreign investment was restricted to a number of Special Economic Zones administered by the central government and to certain designated industries dominated by the state sector. The opening of the Pearl River Delta and southern Fujian opened the way for the involvement of diaspora business in the economic reform process.
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© 1996 Constance Lever-Tracy, David Ip and Noel Tracy
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Lever-Tracy, C., Ip, D., Tracy, N. (1996). Towards a Synergy. In: The Chinese Diaspora and Mainland China. Palgrave Macmillan, London. https://doi.org/10.1057/9780230372627_4
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DOI: https://doi.org/10.1057/9780230372627_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39687-0
Online ISBN: 978-0-230-37262-7
eBook Packages: Palgrave Social & Cultural Studies CollectionSocial Sciences (R0)