Hainan, a Magnet for Foreign Investment
China Today (English)|June 2021
IN 2018 the State Council of China approved the establishment of the China (Hainan) Pilot Free Trade Port and released China (Hainan) Pilot Free Trade Zone General Plan. In the following years, the levels of economic development continued to rise in Hainan, positioning the province as a shining example of China’s opening-up and reform drive, creating new opportunities for people of the region and beyond.
LI JIE
Hainan, a Magnet for Foreign Investment

Massive Rise of Development

On April 13, 2018, China’s central government announced support for Hainan in developing the whole island into a pilot free trade zone, and gradually exploring and promoting the establishment of a free trade port with Chinese characteristics. Changes soon swept across Hainan.

“Transport immediately improved,” recalled Ian, a British citizen who has lived in Hainan for 14 years. A direct flight between Sanya, a city at the southern end of the province, and London was launched in July 2018. “My home is 20-30 minutes from Sanya Airport by car. When I get to the airport, the next stop is London. It is fabulous,” he said. Since his arrival in Hainan in 2007, he has been impressed by the changes that have taken place over the past few years, with transport being upgraded, the Sanya cityscape transformed, people’s living standards raised, and the eco-environment improved.

Behind these changes are a slew of infrastructure, public service, and industrial projects. One of them is construction of the island-looping sightseeing highway, which began last December. Driving along it, people will enjoy ocean views on one side and idyllic scenery on the other.

In March this year, the second batch of construction projects for the Hainan Pilot Free Trade Port were launched in Haikou City, Sanya City, and Yangpu Economic Development Zone. The total investment in these 110 projects exceeded RMB 28.9 billion. According to Cong Liang, deputy chief of the National Development and Reform Commission (NDRC), they are part of the key projects in such fields as new infrastructure, transport, and energy planned for Hainan.

Diese Geschichte stammt aus der June 2021-Ausgabe von China Today (English).

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Diese Geschichte stammt aus der June 2021-Ausgabe von China Today (English).

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