The first China International Consumer Products Expo will provide an opportunity for the display and sale of global consumer goods in the Chinese market and boost the sales of both domestic and foreign companies across the world, government officials said on Wednesday.
The Hainan delegation to the ongoing fourth session of the 13th National People's Congress has put forward a proposal to establish a national laboratory that would boost innovation and development of the country's seed industry at Sanya Yazhou Bay Science and Technology City in Hainan province.
The first negative list in the free trade port in south China's Hainan Province only contains 27 items, fewer than that of the free trade zones (FTZs), the commerce ministry said during a special meeting on FTZ construction on Wednesday.
China's island province of Hainan will make full use of its preferential policies and strive to realize a total duty-free shopping volume of 60 billion yuan ($9.26 billion) in 2021, according to a government work report released on Jan 24.
Over 310,000 new market entities settled in Hainan in 2020, an increase of 30.86 percent year-on-year. The island province saw an addition of 150,000 enterprises in 2020, double the figure for 2019.
Implementation of new favorable policies in Hainan province has boosted sales and profits of China Duty Free Group, the country's largest operator of duty-free stores.
The import and export of trade in services in South China's Hainan province reached 2.49 billion yuan ($372 million) in September, up 31.43 percent year-on-year, said the provincial commerce department.
Overview
Haikou 
Sanya 
