The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation jointly issued a "zero tariff" policy notice on March 4 for self-use production equipment in the Hainan Free Trade Port.
To implement the guiding principles of the Master Plan for the Construction of Hainan Free Trade Port and attract talents from across the world, South China's Hainan province has launched a global recruitment drive for chiefs and legal representatives of statutory bodies, public institutions and State-owned enterprises in Hainan FTP.
To further boost Hainan's offshore duty-free market and promote consumption, on Feb 22 the island province started to offer 160,000 offshore duty-free coupons worth a total of 8 million yuan ($1.24 million).
The total foreign trade value of China's 18 pilot free trade zones, established before September 2020, amounted to 4.7 trillion yuan ($728.03 billion) last year, representing 14.7 percent of the nation's total, data released by the Ministry of Commerce showed.
Following the implementation of a raft of policies aimed at boosting offshore international trade, South China's Hainan has made remarkable initial achievements, with a total trade volume of $1.8 billion in 2020, a figure 10 times larger than that of 2019.
China's Supreme People's Court (SPC) has issued a guideline urging courts to improve judicial services to help speed up the development of the Hainan free trade port.
Since the beginning of 2020, President Xi Jinping has been emphasizing the need to foster a new development paradigm in which the domestic market plays the main role, and the domestic and world markets complement each other, in order to ensure sustainable development. Accordingly, the recent Central Economic Work Conference charted out the country's economic course for 2021.
Overview
Haikou 
Sanya 
