Hainan, China's southernmost province, will pilot intensified implementation of the competition policy in its key business sectors, in a bid to promote institutional innovation and industrial upgrading, according to the provincial authorities.
The total import and export value of Hainan's foreign trade reached 38.39 billion yuan ($5.58 billion) from January to May this year, a year-on-year increase of 45.6 percent, according to statistics from Haikou Customs.
A total of 28,100 consumers purchased 137,100 duty-free products in Hainan province during the Dragon Boat Festival holiday from June 7 to 9.
Sanya, in Hainan province, held a press conference on May 14 to release a business environment assessment report given by Deloitte China.
Hainan signed memoranda of cooperation with Pohnpei in the Federated States of Micronesia and Sri Lanka at the China National Convention Center in Beijing on April 25 to deepen industrial cooperation during the regional cooperation sub forum of the 2nd Belt and Road Forum for International Cooperation.
Southern China's island province of Hainan has launched a 3 billion yuan ($449 million) fund for free trade zone (FTZ) construction, local authorities said Sunday.
The Haikou Integrated Free Trade Zone (FTZ) has attracted 50 cross-border e-commerce companies, according to the Department of Commerce of Hainan Province.
Overview
Haikou 
Sanya 
