The China Institute for Free Trade Ports with Chinese Characteristics was officially launched by the Hainan provincial government on June 27 in Haikou, to support the island's free trade port development.
Foreign trade volume in South China's Hainan province totaled 26.5 billion yuan in the first five months of 2018, with imports reaching 17.59 billion yuan, surging by 7.4 percent year-on-year, Haikou Customs said at a press conference on June 25.
Hainan, China's southernmost province, has established a new benchmark area to promote development of the China (Hainan) Pilot Free Trade Zone, it was announced on Sunday.
The Haikou National Hi-tech Industrial Development Zone signed agreements with three enterprises on May 2, aiming to develop industrial chain enterprises at the 100 billion yuan ($15.72 billion) level.
The latest restrictions on property purchases announced by the local authorities in Hainan province on Sunday are the toughest both nationwide and in the tropical island's own history.
There was a time when even a mere mention of Hainan, the island off China's southern coast, would evoke mental images of Hainan Airlines, giant tropical-themed hotel compounds, coconut milk and migrants from China's northeast region. Not any more.
China's opening-up policy, which is already encouraging the world's big companies and investors to redraw their strategies, received a fresh burst of energy this month.
Overview
Haikou 
Sanya 
