Hainan's new opening-up drive is attracting increasing investment from overseas, with actual use of foreign capital in this South China's island province reaching over $319 million in the first half of the year, surging 98.69 percent year-on-year, local commercial authorities said.
Ling Kaijun, is a 34-year-old native of Taipei, Taiwan. In 2015, she got wind of Hainan's immense potential and came to invest in the construction of the province's first wholly Taiwan-funded hospital, the Enhance Biomedical Medical Center, at the Boao Lecheng International Medical Tourism Pilot Zone.
Homestay and catering industries related to aerospace are expected to be developed in Wenchang township, the location of China's fourth satellite launch center in tropical Hainan province, according to a local official.
South China's Hainan Free Trade Port has inked 35 key investment projects, including eight foreign-funded ones as the province attracts investors at home and abroad with its opening-up.
China's plan to transform Hainan into a free trade port is expected to spur local consumption and enhance competitiveness of duty-free products, while greatly stimulating tourism and aviation industry on the island, experts said on Tuesday.
The number of Hainan's newly established foreign-invested enterprises and the province's actual use of foreign capital both achieved substantial growth in April, according to the Hainan Provincial Department of Commerce.
China Tourism Group, a travel services provider and tax-free product retailer, will add a number of duty-free stores, hotels and logistics facilities in Hainan province this year to seize opportunities in the post-COVID-19 era, said company officials on Thursday.
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