Hainan ranks third in China in industrial investment growth

In 2020, industrial investment in Hainan increased by 25 percent, the third highest growth in the country, according to the Industry and Information Technology Department of Hainan.

In 2020, the Industry and Information Technology Department of Hainan rolled out a raft of policies and measures aimed at boosting the development of the blockchain industry and promoting the formation of an industrial cluster. More than 140 enterprises settled in two key parks: Hainan Resort Software Community and Fullsing Town Internet Innovation Park.

Hainan's internet industry revenue reached its target of 100 billion yuan ($15.5 billion) ahead of schedule in 2020, with an expected figure of 121.9 billion yuan for the entire year; an increase of 48 percent year-on-year.

The province's information industry saw an additional 120 projects throughout last year, accounting for 38.2 percent of the province's total number of projects. These included 16 Fortune Global 500 companies, 14 central and large state-owned enterprises, and 16 foreign-funded enterprises.

In 2020, Hainan focused on 5G infrastructure construction, and accelerated improvements to the province's information technology level. The province has more than 7,000 5G physical base stations, and more than 10,000 logical base stations. The number of 5G users in the province has now exceeded 1.3 million.