Chinese President Xi Jinping has underlined the high-quality and high-standard construction of Hainan free trade port while prioritizing the innovation of institutional integration in the process.
Over 20 experts from Beijing, Tianjin, and Hainan were invited to a high-end academic forum in Hainan on May 30 to share their views on the construction of Hainan Free Trade Port in the backdrop of the COVID-19 pandemic impact.
The total value of Hainan's foreign trade stood at 183.86 billion yuan ($25.96 billion) between April 2018 and March this year, an increase of 31.8 percent over the 2016-2018 period, according to statistics released at a foreign trade press conference held in Hainan on April 24.
China's Hainan province held a press conference in Haikou on its first batch of institutional innovation cases in 2020 concerning Hainan Pilot Free Trade Port construction.
As Hainan province continues to upgrade its talent policies and enhance its talent introduction measures, a growing number of investors have been seeking business opportunities in the construction of the Hainan Pilot Free Trade Port. In the first quarter of this year, over 36,800 new market entities were registered in Hainan, showing continuous momentum in its growth.
China's Southernmost province continues earning its keep as an investment and free trade haven. Hainan Island's Free Trade Port has 100 new projects under construction. CGTN's Bryon Tseng explains.
Hainan, the southernmost province of China, is rebranding itself into a free trade port after two years in the making. Designating the island as a new window to Southeast Asia and beyond, Chinese authorities are striving to further open up its market.