Duty-free sales networks around Hainan island will be expanded to better meet domestic needs for imported goods in the 14th Five-Year Plan (2021-2025) period, with sales volume of duty-free items expected to hit 300 billion yuan in five years, said Feng Fei, acting governor of the province,on Sunday.
China's southernmost province of Hainan is targeting economic growth of more than 10 percent this year, Governor Feng Fei said Sunday.
On Jan 23, the fourth session of the seventh Hainan Provincial Committee of the Chinese People's Political Consultative Conference (CPPCC) was held in Haikou.
Here comes the Hainan "two sessions"! Why does the Hainan "two sessions" matter? Watch the video to find out.
Hainan will establish a free trade port policy system during the 14th Five-Year Plan (2021-2025), with all preparations ready for customs clearance on Hainan island by the end of 2024, said Feng Fei, acting governor of South China's Hainan province on Sunday.
The GDP of South China's island province of Hainan stood at 553.2 billion yuan ($85.6 billion) in 2020, an increase of 3.5 percent year-on-year, according to Wang Yu, deputy head of the Hainan Provincial Bureau of Statistics, at an economic performance conference held on Jan 21.