Construction of the Free Trade Port in Hainan got a new impetus after companies signed agreements for 104 projects in the region recently. The projects, 22 of which are foreign-funded, involve 65.72 billion yuan ($10.06 billion) in total investments and cover tourism, modern services and high-tech industries.
The central government on Friday launched a series of financial measures to turn Hainan Free Trade Port into a focal point of China's deepened reforms, showing the nation's latest efforts to further open up to the world, said experts.
Hainan Yiling Medical Industry Development, an enterprise in the Hainan Boao Lecheng International Medical Tourism Pilot Zone, has declared the import of the first zero-duty cryogenic physiotherapy box at Haikou's Wenchang Customs.
South China's Hainan province has seen large numbers of talented personnel come to the island seeking a bright future since October 2019, when household registration restrictions were eased across the province, with the exception of Sansha.
The Wenchang Aerospace Supercomputing Center, a key part of the construction of "smart Hainan" as well as of Wenchang's plans to build a space science and technology city, will be completed in 2021 and start to offer services in 2022.
Sand beaches, oceanic scenery, tropical weather ... that might be people's impression on Hainan, an island province in the south of China. But now, something more is on the way – free trade.
Continuous inflow of foreign capital; domestic tourists enjoying shopping sprees at duty-free centers; companies purchasing equipment from overseas at "zero tariffs" for production purposes. These developments and many others illustrate that the Hainan Free Trade Port is playing a crucial role in opening-up and facilitating the country's dual-circulation economy, experts said.
Overview
Haikou 
Sanya 
