From January to October this year, industrial investment in Hainan increased steadily.
Rising companies from Regional Comprehensive Economic Partnership (RCEP) member states are benefiting from the trade facilitation policies of the Hainan Free Trade Port (FTP), and will continue to beef up their presence in the Chinese market.
According to statistics released by Haikou Customs, the total import and export value of Hainan's trade in goods was 59.84 billion yuan ($9 billion) in the first four months of this year.
South China's Hainan province plans to build up the free trade port since its establishment four years ago, with a focus on four leading industries to push forward the port's high-quality development.
Hainan is accelerating preparations in the current year, in order to pave the way for its further development as a major free trade port.
Since the beginning of this year, Hainan Free Trade Port has had success attracting investment and utilizing foreign capital.
Hainan will accelerate preparation work for customs clearances on Hainan Island in 2022.