Since the beginning of this year, Hainan's cross-border service trade has shown a good momentum of development.
From January to July this year, Hainan province's completed investment in fixed assets increased by 18.9 percent year on year.
From June 2020 to June this year, Hainan witnessed 428,000 new market entities, an increase of 52.31 percent month on month, according to a Hainan Daily report on Aug 10. Notably, the number of newly established companies hit 200,000.
Hainan province has exceeded its carbon dioxide emission reduction target set for the 13th Five Year Plan (2016-20), and is now exploring how to achieve peak carbon dioxide emissions and carbon neutrality.
China's Hainan province is considering implementing a new short negative list management model－this time for foreign work permits－in a move to attract talent from around the world to Hainan, provincial Governor Feng Fei said.
Hainan has achieved a regional GDP of 139.6 billion yuan ($21.3 billion) in the first quarter of this year, up by 19.8 percent year-on-year and the second fastest growth in China, according to a press conference held by National Reform and Development Commission on May 18.
To optimize the business environment in Hainan province, the Hainan Administration for Market Regulation, the Hainan Provincial Public Security Department, and the Hainan Provincial Taxation Bureau jointly issued a notice to improve investor experiences, as well as to shorten business registration time across the province to one working day before the end of 2021.
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