Developing China’s Coastal Economic Zones and Policy Implications for Vietnam

Abstract

Over four decades of Chinese reform and opening-up, coastal economic zones have played an irreplaceable role in promoting the economy’s structural transformation, in which activating its potential comparative advantages into competitive ones despite the poor condition of the infrastructure and business environment. The paper presents China’s institutional and governance forms and models, typical preferential policies, and the performance of coastal economic zones, thereby drawing policy implications for Vietnam.