Hainan has 2 engines to promote high-quality development

An aerial view of Haikou Jiangdong New Area. [Photo/Hainan Daily]

In the past decade, building a modern industrial system and promoting regional coordinated development has been the two engines to promote high-quality development in Hainan. 

In recent years, Hainan has focused on the development of four leading industries, tourism, efficient agriculture with tropical characteristics, the modern service industry, and the high-tech industry.

In 2021, the province received 81.04 million tourists and generated 138.43 billion yuan ($19.46 billion) in tourism revenue, an increase of 25.5 percent and 58.6 percent respectively.

Last year, the added value of the province's service industry increased by 15.3 percent year-on-year, and its contribution to economic growth was 82.5 percent.

Hainan launched a "three-year action" to encourage scientific and technological innovation in 2021. Last year, the total annual revenue of 11 key free trade port parks exceeded a trillion yuan, contributing more than 40 percent of the province's taxes and nearly 30 percent of the province's total investment while occupying about 2 percent of Hainan's land area.

The added value of its agriculture, forestry, animal husbandry, and fishery industries reached 130 billion yuan last year, an increase of 30.95 percent over 2017.

Regional coordinated and integrated development is another important engine to promote high-quality development in Hainan.

Yangpu has advantages in policies, location, and industries, while Danzhou has advantages in urban functions. The integrated development of Danzhou and Yangpu is a major reform goal of the Hainan Free Trade Port.

Hainan has also constantly promoted the integration of Haikou Economic Circle and Sanya Economic Circle. The infrastructure, transportation, and public services have been enhanced in these economic circles.

To date, the Hainan Ring Island Tourist Highway project has completed an accumulative investment of 8.34 billion yuan, accounting for 57.9 percent of the total budget investment.