Page 104 - 2019 Special Report on the State of Business in South China
P. 104
Hainan Province
The Economy through promotion of convention and exhibition
industry, expansion of cruise ship traffic, construction
Hainan used to be a special administrative of international themed parks, and development of
region of Guangdong province, medical tourism and sports tourism.
but was designated as a province and a special economic
zone in 1988. The province has a total area around 33,900 Recent Policies and Reforms
square kilometers, and population of 9.3 million in 2017.
In addition to the island of Hainan, it also consists of Xisha Guiding Opinions on Supporting Hainan
(Paracel) Islands, Nansha (Spratly) Islands and Zhongsha for Comprehensively Deepening Reform and
Islands in South China Sea. Sanya, Haikou and Danzhou Opening-up
are its major cities.
On April 11, 2018, the CPC Central Committee
While Hainan is China’s smallest province, it is also its and the State Council released Guiding Opinions on
largest special economic zone. In 2017, Hainan ranked Supporting Hainan for Comprehensively Deepening
28th out of China’s 31 provinces by size of economy, as it Reform and Opening-up (the “Opinions”). The Opinions
accounts for just 0.54% of national GDP. With subtropical include 31 articles involving ten aspects and require to
climate, high precipitation and mild temperature realize all-around opening-up in Hainan. By adhering
difference throughout the year, the province has well- to the goal of all-round opening-up and following the
developed primary industry (contributing to 21.6% of principles of carrying out pilot programs, ensuring that
GDP in 2017) such as agriculture and tertiary industry risks are under control, and advancing the programs
(56.1% of GDP) such as tourism, while its secondary step by step while highlighting features, the first step
industry, at just 22.3% of GDP, is one of the lowest in is to transform entire Hainan Province into a pilot free
China. Among them, petrochemicals, pharmaceuticals, trade zone and apply current policies for pilot free
agricultural non-staple food processing and trade zones to it; the second step is to explore and
papermaking are the main industries. implement a free trade port policy consistent with
Hainan Province’s development orientation.
The unique economic structure in Hainan leaves it
some of the best preserved natural environment in China. Building a free trade pilot zone with high standard
The province is keen on utilizing its tourism resources such and quality. Establish China (Hainan) Pilot Free Trade
as mangrove forest, coral reefs, beaches, tropical cash crop Zone involving the entire Hainan Island based on the
plantations and rainforest. Sanya, a tropical beach resort current pilot programs for pilot free trade zones with
located in the south of the island, is one of China’s major reference to the characteristics of Hainan Province.
tourist and holiday resorts. Hainan also offers numerous Implement high-level market-oriented and facilitate
tourist festivals and celebrations. “The Hainan Coconut trade and investment policies, and fully implement the
International Festival” which is held annually attracts pre-establishment national treatment and the negative
thousands of overseas and domestic visitors. The Boao list management system for overseas businesses.
Forum for Asia is held every year in Boao of Hainan with Focus on seed industry, healthcare, education, sport,
participation from top Asian leaders. telecommunication, Internet, culture, maintenance,
finance, shipping and other major sectors, deepen the
The emphasis in economic policy also relies heavily opening-up of modern agriculture, high-tech industries
on the tourism sector. Building on the waiver for tourism and modern services, boost the development of service
visa for foreign visitor that is already in place, Hainan trade, and protect the interests of overseas investors.
seeks to increase the value-added of the tourism industry
104
The Economy through promotion of convention and exhibition
industry, expansion of cruise ship traffic, construction
Hainan used to be a special administrative of international themed parks, and development of
region of Guangdong province, medical tourism and sports tourism.
but was designated as a province and a special economic
zone in 1988. The province has a total area around 33,900 Recent Policies and Reforms
square kilometers, and population of 9.3 million in 2017.
In addition to the island of Hainan, it also consists of Xisha Guiding Opinions on Supporting Hainan
(Paracel) Islands, Nansha (Spratly) Islands and Zhongsha for Comprehensively Deepening Reform and
Islands in South China Sea. Sanya, Haikou and Danzhou Opening-up
are its major cities.
On April 11, 2018, the CPC Central Committee
While Hainan is China’s smallest province, it is also its and the State Council released Guiding Opinions on
largest special economic zone. In 2017, Hainan ranked Supporting Hainan for Comprehensively Deepening
28th out of China’s 31 provinces by size of economy, as it Reform and Opening-up (the “Opinions”). The Opinions
accounts for just 0.54% of national GDP. With subtropical include 31 articles involving ten aspects and require to
climate, high precipitation and mild temperature realize all-around opening-up in Hainan. By adhering
difference throughout the year, the province has well- to the goal of all-round opening-up and following the
developed primary industry (contributing to 21.6% of principles of carrying out pilot programs, ensuring that
GDP in 2017) such as agriculture and tertiary industry risks are under control, and advancing the programs
(56.1% of GDP) such as tourism, while its secondary step by step while highlighting features, the first step
industry, at just 22.3% of GDP, is one of the lowest in is to transform entire Hainan Province into a pilot free
China. Among them, petrochemicals, pharmaceuticals, trade zone and apply current policies for pilot free
agricultural non-staple food processing and trade zones to it; the second step is to explore and
papermaking are the main industries. implement a free trade port policy consistent with
Hainan Province’s development orientation.
The unique economic structure in Hainan leaves it
some of the best preserved natural environment in China. Building a free trade pilot zone with high standard
The province is keen on utilizing its tourism resources such and quality. Establish China (Hainan) Pilot Free Trade
as mangrove forest, coral reefs, beaches, tropical cash crop Zone involving the entire Hainan Island based on the
plantations and rainforest. Sanya, a tropical beach resort current pilot programs for pilot free trade zones with
located in the south of the island, is one of China’s major reference to the characteristics of Hainan Province.
tourist and holiday resorts. Hainan also offers numerous Implement high-level market-oriented and facilitate
tourist festivals and celebrations. “The Hainan Coconut trade and investment policies, and fully implement the
International Festival” which is held annually attracts pre-establishment national treatment and the negative
thousands of overseas and domestic visitors. The Boao list management system for overseas businesses.
Forum for Asia is held every year in Boao of Hainan with Focus on seed industry, healthcare, education, sport,
participation from top Asian leaders. telecommunication, Internet, culture, maintenance,
finance, shipping and other major sectors, deepen the
The emphasis in economic policy also relies heavily opening-up of modern agriculture, high-tech industries
on the tourism sector. Building on the waiver for tourism and modern services, boost the development of service
visa for foreign visitor that is already in place, Hainan trade, and protect the interests of overseas investors.
seeks to increase the value-added of the tourism industry
104
