“…Thus, Dées (1998) has described the late years of the 1980's as a period when inward FDI and exports growth rates were facing a sharply increasing trend. Tuan and Fung-Yee Ng (2002a; and Whalley and Xin (2006;2010) have noted a change in the early-1990s; not only a progressive insertion of local companies in global competition (Chen et al, 1995;Wei, 1995;Naugthon & Lardy, 1996;Wei, Liu, Parker & Vaidya, 1999;Zhang & Song, 2000;Zhang & Flemingham, 2001;Zhang, 2005), but also a next (new) generation of reforms (Tuan & Fung-Yee Ng, 2002), reaffirming the open policy, which has led to a diversification of FDI sources, adding to those three overseas Chinese origins (Hong Kong, Macao and Taiwan), other sources, as Europe and United States (Chen, Zhou & Wan, 2000;Tuan & Fung-Yee Ng, 2006). However, this increasing FDI was located mainly at Special Economic Zones (SEZs), and it was the SEZs expansion which has been the basis where these export-led investments were developed (OECD, 2000;Fujita & Hu, 2001).…”