Your current location:HOME >sport >Hainan free trade port development in full swing: Governor 正文
TIME:2024-05-01 01:30:42 Source: Internet compilationEdit:sport
An aerial drone photo taken on March 13, 2024 shows the expansion project of Yangpu international co
An aerial drone photo taken on March 13, 2024 shows the expansion project of Yangpu international container terminal in south China's Hainan Province. [Photo/Xinhua]
Hainan, China's southern island province, is ramping up efforts to develop itself into a free trade port (FTP), securing progress in high-level opening up, provincial governor Liu Xiaoming said Thursday.
Hainan has become a magnet for investment, attracting a surge in foreign capital, Liu told a news conference.
Since 2018, the number of newly established foreign-funded enterprises in Hainan has grown at an annual rate of 65 percent, reaching a total of 6,543, signaling a strong vote of confidence from international investors.
In addition to the corporate boom, the province has seen significant growth in duty-free shopping. In 2023, the number of shoppers and the total value of transactions climbed by 59.9 percent and 25.4 percent, respectively, year on year, highlighting the region's burgeoning appeal as a consumer haven.
The governor said Hainan is at the forefront of implementing high-standard economic and trade rules, steadily expanding its institutional openness.
He said the tropical province has introduced a series of new measures across key areas, including services trade, digital trade, intellectual property protection, and cross-border data flows, underscoring its commitment to a top-tier business environment.
Vigorous efforts are being made to ensure the smooth and timely operation of island-wide special customs clearance, including running stress tests, Liu added.
A master plan for the FTP released in 2020 aimed to build Hainan into a globally influential high-level FTP by the middle of the century.
An FTP system focusing on trade and investment liberalization and facilitation will be "basically established" in Hainan by 2025 and become "more mature" by 2035, according to the plan.
Liu said the policy and institutional framework of the Hainan FTP has basically been established.
Emily Henry interview: The secret to having a healthy relationship with love2024-05-01 01:12
China calls for implementation of Security Council resolution on Gaza cease2024-05-01 01:01
Shanghai Weighs Options to Tackle Birthrate Decline2024-05-01 00:49
Kite Industry Flying High in East China Village2024-05-01 00:46
50 migrants reported missing and 9 rescued after their boat overturns off Spanish Atlantic island2024-05-01 00:36
Service Stations Organize Activities for Herdsmen to Enrich Leisure Time in Xinjiang2024-05-01 00:31
Zheng reaches Australian Open semifinals after fighting win2024-05-01 00:31
GLOBALink2024-05-01 00:01
Map reveals where headless torso and further human remains have been found by locals in Salford2024-04-30 23:16
Job Situation Improves for Women Workers2024-04-30 22:58
Martin Freeman breaks his silence on the fierce backlash surrounding THAT X2024-05-01 01:16
Grassroots Health Centers Step up in Granting Better Elderly Lives2024-05-01 01:06
SW China's Yunnan Observes Tourism Boom in Winter2024-05-01 01:02
Silk Flowers Help Local Women Gain Employment in Hebei2024-05-01 00:51
Molly Sims looks red hot in flirty polka2024-05-01 00:09
Countdown Starts for China's 14th National Winter Games in Inner Mongolia2024-04-30 23:49
Time Needed for Incentives to Boost Fertility: Expert2024-04-30 23:35
Xinjiang's Urumqi Sees Record Number of Tourists in 20232024-04-30 23:13
How major US stock indexes fared Monday, 4/29/20242024-04-30 23:02
Rare, Endangered Plants Reintroduced into China's Three Gorges Reservoir Area2024-04-30 23:01