Page 128 - 2020 Special Report on the State of Business in South China
P. 128
Hainan
The Economy tourism resources such as mangrove forest, coral
reefs, beaches, tropical cash crop plantations and
Hainan abbreviated as Qiong, used rainforest. Sanya, a tropical beach resort located
to be a special administrative in the south of the island, is one of China’s major
region of Guangdong province, but was designated tourist and holiday resorts. Hainan also offers
as a province and a special economic zone (SEZ) in numerous tourist festivals and celebrations. "The
1988. The province has a total area around 33,900 Hainan Coconut International Festival" which is
sq km, and population of 9.3m in 2018. In addition held annually attracts thousands of overseas and
to the island of Hainan, it also consists of Xisha domestic visitors. The Boao Forum for Asia is held
(Paracel) Islands, Nansha (Spratly) Islands and every year in Boao of Hainan with participation
Zhongsha Islands in South China Sea. Sanya, Haikou from top world leaders.
and Danzhou are its major cities.
The emphasis in economic policy also relies
Hainan, abbreviated as Qiong, used to be heavily on the tourism sector. Building on the
a special administrative region of Guangdong waiver for tourism visa for foreign visitor that is
province, but was designated as a province already in place, Hainan seeks to increase the
and a special economic zone (SEZ) in 1988. The value-added of the tourism industry through
province has a total area around 33,900 sq km, promotion of convention and exhibition industry,
and population of 9.3m in 2018. In addition to the expansion of cruise ship traffic, construction of
island of Hainan, it also consists of Xisha (Paracel) international themed parks, and development of
Islands, Nansha (Spratly) Islands and Zhongsha medical tourism and sports tourism.
Islands in South China Sea. Sanya, Haikou and
Danzhou are its major cities. Recent Policies and Reforms
While Hainan is China’s smallest province, it is Action Plan for Optimizing the
also its largest special economic zone. In 2018, Business Environment of Hainan
Hainan ranked 28th out of China’s 31 provinces Province (2019-2020)
by size of economy, as it accounts for just 0.54%
of national GDP. With subtropical climate, high In order to further improve the rule of
precipitation and mild temperature difference law, internationalization and facilitation of
throughout the year, the province has well- the business environment, on July 11, 2019,
developed primary industry (contributing to 20.7% the People’s Government of Hainan Province
of GDP in 2018) such as agriculture and tertiary announced the “Action Plan for Optimizing the
industry (56.6% of GDP) such as tourism, while its Business Environment of Hainan Province (2019-
secondary industry, at just 22.7% of GDP, is one of 2020)”, including:
the lowest in China. Among them, petrochemicals,
pharmaceuticals, agricultural non-staple food - In terms of starting a business, Hainan will
processing and papermaking are the main further expand the "separation of licenses and
industries. credentials" reform and expand the range of
reform in the tourism, modern services and high-
The unique economic structure in Hainan leaves tech industries.
it some of the best preserved natural environment
in China. The province is keen on utilizing its
128
The Economy tourism resources such as mangrove forest, coral
reefs, beaches, tropical cash crop plantations and
Hainan abbreviated as Qiong, used rainforest. Sanya, a tropical beach resort located
to be a special administrative in the south of the island, is one of China’s major
region of Guangdong province, but was designated tourist and holiday resorts. Hainan also offers
as a province and a special economic zone (SEZ) in numerous tourist festivals and celebrations. "The
1988. The province has a total area around 33,900 Hainan Coconut International Festival" which is
sq km, and population of 9.3m in 2018. In addition held annually attracts thousands of overseas and
to the island of Hainan, it also consists of Xisha domestic visitors. The Boao Forum for Asia is held
(Paracel) Islands, Nansha (Spratly) Islands and every year in Boao of Hainan with participation
Zhongsha Islands in South China Sea. Sanya, Haikou from top world leaders.
and Danzhou are its major cities.
The emphasis in economic policy also relies
Hainan, abbreviated as Qiong, used to be heavily on the tourism sector. Building on the
a special administrative region of Guangdong waiver for tourism visa for foreign visitor that is
province, but was designated as a province already in place, Hainan seeks to increase the
and a special economic zone (SEZ) in 1988. The value-added of the tourism industry through
province has a total area around 33,900 sq km, promotion of convention and exhibition industry,
and population of 9.3m in 2018. In addition to the expansion of cruise ship traffic, construction of
island of Hainan, it also consists of Xisha (Paracel) international themed parks, and development of
Islands, Nansha (Spratly) Islands and Zhongsha medical tourism and sports tourism.
Islands in South China Sea. Sanya, Haikou and
Danzhou are its major cities. Recent Policies and Reforms
While Hainan is China’s smallest province, it is Action Plan for Optimizing the
also its largest special economic zone. In 2018, Business Environment of Hainan
Hainan ranked 28th out of China’s 31 provinces Province (2019-2020)
by size of economy, as it accounts for just 0.54%
of national GDP. With subtropical climate, high In order to further improve the rule of
precipitation and mild temperature difference law, internationalization and facilitation of
throughout the year, the province has well- the business environment, on July 11, 2019,
developed primary industry (contributing to 20.7% the People’s Government of Hainan Province
of GDP in 2018) such as agriculture and tertiary announced the “Action Plan for Optimizing the
industry (56.6% of GDP) such as tourism, while its Business Environment of Hainan Province (2019-
secondary industry, at just 22.7% of GDP, is one of 2020)”, including:
the lowest in China. Among them, petrochemicals,
pharmaceuticals, agricultural non-staple food - In terms of starting a business, Hainan will
processing and papermaking are the main further expand the "separation of licenses and
industries. credentials" reform and expand the range of
reform in the tourism, modern services and high-
The unique economic structure in Hainan leaves tech industries.
it some of the best preserved natural environment
in China. The province is keen on utilizing its
128
