Even local enterprises in the zone would operate under the rules of the marketplace.
Still, for Americans looking for investment alternatives, ways to support local enterprises, Slow Money seems to have started to catch on.
Next month, the group also will start test marketing a concept called the Soil Trust, an ambitious loan guarantee for money lent to local enterprises.
But Communities Secretary Eric Pickles said the plans would make England's local government finance system more effective at supporting "local jobs, local firms and local enterprises".
In addition, cheap Chinese goods in particular, textiles have flooded African markets, wiping out competition, crippling local enterprises, closing factories and adding to widespread unemployment.
The Shanghai Corporate Pavilion at the World Expo, funded by local state enterprises, commissioned a Pulitzer-prize-winning photographer, Liu Heung Shing, to compile a book of images of Shanghai's history, giving him unprecedented access to the city's archives.
Earlier this month, the company announced a long-planned venture to jointly build wholesale outlets in India and a nationwide supply chain with local partner Bharti Enterprises (See "Wal-Mart Inks Deal To Enter India").
The country's economy at this moment is built around free-flowing credit to state enterprises and local governments, and that credit comes from these intermediaries.
Trade lawyers and scholars are traveling around the country, advising state-owned and private enterprises and local government officials about the impact of WTO decisions and cases.
In 2001 Liaoning, the north-east's wealthiest province, was chosen as a national pioneer of social-security reforms that transferred the burden of looking after former SOE employees to local governments instead of enterprises, which could rarely afford adequate severance pay, let alone pensions.
They have borrowed not only for their own direct purposes to build public works and housing but also for enterprises known as local-government financing vehicles, whose businesses often have a low rate of return.
But Messrs Morgan and Cooke say that most small-and medium-sized enterprises still regard their local universities as ivory towers, with little useful to offer.
ECONOMIST: Fashions are changing in the inward-investment business
The transition also involves changes of officials and bureaucrats across the country at state-owned enterprises, government departments and local agencies.
FORBES: China's Entrepreneurs Cautious of U.S. IPOs Ahead Of Country's Leadership Transition
The state banking system, for instance, keeps deposit rates low so that it can provide cheap credit to over-leveraged state enterprises and cash-strapped local governments.
These are likely to prove more stimulating to the local economy than Vietnam's stale state enterprises.
But myriad funds are squirrelled away from the official budget: in ministries and state enterprises, and with provincial and local governments.
Transport and segregation activites have been outcontracted to micro enterprises backed up by programmes to enhance local participation and to raise overall environmental awareness.
Another danger is that government aid will do less to revive the fortunes of ailing enterprises than to line the pockets of local officials.
The most common tactic was to set up enterprises, now known as LGFVs local government finance vehicles.
The private enterprises provide employment and tax revenue while the local state provides land, tax breaks, and free or cheap utilities.
Alibaba was a local Chinese company that helped small- and medium-sized enterprises conducting business online.
Loans that local-government leaders oblige banks to make to their favoured enterprises come on top of that.
Although the foreign-invested enterprises dominate the market at the moment, the local brands, as a group, are rapidly gaining ground.
In one district, census figures were altered to make them match local records after it was found that output from large industrial enterprises was 90% higher than these records had shown.
ECONOMIST: China's economy continues to grow at breakneck speed
Local newspapers, radio, cable advertising and direct mail built substantial enterprises around engaging neighborhood customers.
FORBES: Online Advertising, Coming Soon To A Neighborhood Near You
Meanwhile, though, under guidance from central and local political barons, the big banks continue to lend to weak state enterprises perhaps not as much as they used to, but still far too much.
And the agency says there are mafia strongholds where the local business environment is so polluted by the presence of gangster-run enterprises that it is almost impossible for honestly managed firms to operate.
The three SMEs that went bankrupt in Wenzhou are facing allegations of corruption and mismanagement in local courts, suggesting that their situation may not be indicative of broader economic problems affecting enterprises of their size.
FORBES: Smaller Companies' Troubles Challenge China's Economic Policy
China's small and medium enterprises, for example, paid a dear price as state-owned entities and local governments received the lion's share of the limited supply of loans from commercial banks.
Through placement in arts and crafts institutions, enterprises and associations in other countries, students benefit from the know-how of local craftspeople, acquire new skills to complement their initial training, while also sharing their own experience with others.
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