(EconomyInFocus)CHINA-HAINAN-HAIKOU-FREE TRADE PORT

(EconomyInFocus)CHINA-HAINAN-HAIKOU-FREE TRADE PORT

Xinhua
31 May 2025, 19:25 GMT+10

(250531) -- HAIKOU, May 31, 2025 (Xinhua) -- This aerial drone photo shows a Japanese fishing vessel loads juvenile fish in waters near Wanning, south China's Hainan Province, May 15, 2025.

In June 2020, China released a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century.

Series of opening-up policies have been issued to create a "foreign investor-friendly" business environment in Hainan. Local immigration authorities have implemented measures, such as the utilization of one-stop customs clearance service, to improve the customs clearance efficiency and to reduce the operational costs of enterprises.

As a key initiative in China's opening-up strategy, the Hainan Free Trade Port is set to begin independent customs operations by year end, and global enterprises are eyeing the vast opportunities that come with open trade. (Xinhua/Yang Guanyu)

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