As a state-level development zone established in 1992 in the northwest of Hainan, the Yangpu Economic Development Zone is expected to develop into a growth point of Hainan's high-quality development and a pilot zone of Hainan free trade port.
The Chinese authorities on Monday released a plan to transform the Hainan free trade port into a globally influential high-level free trade port by the middle of the century.
A batch of key industrial parks were unveiled on Wednesday in China's island province of Hainan, in an effort to promote the construction of the Hainan free-trade port.
Chinese authorities on Monday released a master plan for the Hainan free trade port, aiming to build it into a globally influential high-level free trade port by the middle of the century.
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.
An international mediation center for commercial affairs opened at the Hainan International Arbitration Court in south China's Hainan Province on Jun 1.
Preferential policies, including tailored taxation mechanisms, a special market access list and negative list offered to the Hainan free trade port will facilitate free trade, investment and cross-border capital flows in the island province, officials and experts said on Tuesday.
