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Tag: Haikou

(International): Hainan free trade port sets benchmark for China’s opening up

Islamabad
Haikou (China):The construction of the Hainan free trade port has picked up steam since Chinese authorities drew up a plan for it three months ago, demonstrating China's commitment to opening up amid the COVID-19 pandemic. With supporting policy packages, Hainan is becoming a popular destination for foreign investment and enterprises. So far, the free trade port has landed a total of 94 major projects including 20 foreign-funded ones, covering sectors such as tourism, modern service and high-tech industries. "The launch of these projects will bring new growth not only to the free trade port but also to global investors," said Han Shengjian, director of the Hainan International Economic Development Bureau. On Sept. 3, the last day of a three-day promotional event in a duty-free ...