Page 134 - 2020 Special Report on the State of Business in South China
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new open economy system from multiple aspects New Land and Marine Routes for Western Regions”
to: (i) accelerate the process of building a free (the “Plan”), which explicitly proposed to give full
port with Chinese characteristics; (ii) greatly relax play to the role of Hainan Yangpu Port. The Plan
access for foreign capital entering the market; (iii) supports Yangpu Port to attract domestic and
improve the level of trade facilitation; (iv) build foreign cargo sources, develop international transit
a comprehensive trade supervision model; (v) transportation business, and cultivate it into a
promote transformation and upgrading of trade; regional international container hub port.
(vi) accelerate financial openness and innovation;
and (vii) strengthen international cooperation In July 2019, the People's Government of Hainan
along the Belt and Road. Province issued the “Measures to Support the
Development of Yangpu Economic Development
Hainan Yangpu Economic Zone (Trial)”, which proposed to: (i) include the
Development Zone Oriental Port Industrial Park under management
of the Yangpu Economic Development Zone; (ii)
The Yangpu Economic Development Zone is a encourage the management committee to reform
state-level development zone established under a statutory institutions and implement an enterprise-
bonded area policy approved by the State Council in and market-oriented employment system; (iii)
1992. The zone is located on the Yangpu Peninsula increase financial support and broaden investment
in northwestern Hainan, with an area of 31 square and financing channels; and (iv) co-ordinate on
kilometers. In 2007, the State Council approved protection of construction land and come up with
the establishment of the Yangpu Bonded Port disposal methods for existing construction land.
with an area of 9.2063 square kilometers. In July
2012, upon the approval of the State Council, the In the 27 years of development and construction
location of adjoining development zone parcels was for the Yangpu Economic Development Zone, a
adjusted. In October 2013, upon the approval of the number of key projects with advanced technology,
Hainan Provincial Party Committee and the Hainan high added value, and high environmental
Provincial People’s Government, the organizational protection levels have been completed. It has
system of Sandu Town in Danzhou was put under become a leader in Hainan's industrial development
the jurisdiction of Yangpu. The planned area for and the growth of foreign trade. 20 domestic and
the Yangpu Economic Development Zone is 120 foreign trade routes have been opened. The zone
square kilometers with a population of 100,000. The has preliminarily established a route framework
Yangpu Economic Development Zone is to develop with Yangpu Port serving as the international transit
into a "one port and three bases", i.e., "a shipping port. Domestic trade routes connect domestic
hub port, a petrochemical base, an integrated pulp- coastal ports in regions such as the Beibu Gulf,
paper production base and an oil and gas reserve Yangtze River Delta, North China, and Northeast
base oriented to southeast Asia". Yangpu’s industrial Pearl River Delta. Foreign trade routes connect
development strategy is to seize the strategic to southeast Asian countries and regions such as
opportunities of the “Maritime Silk Road” and “Free Vietnam, Singapore, Malaysia and Myanmar. Since
Trade Zone” and focus on building two platforms, the start of the province's centralized construction
i.e., an export processing base for petrochemical project activities, a total of 5 batches of 14 projects
products and an international energy trading center have been started with a total investment of
oriented to southeast Asia. Rmb30.92 billion. As of the end of October 2019,
a total of Rmb1.637 billion had been invested. It is
In December 2018, the development plan expected that Rmb2.507 billion will be invested by
of Yangpu was incorporated into the “National the end of 2019.
Logistics Hub Layout and Construction Plan”. This
represents that Yangpu is becoming a port-type Agricultural High-tech Industry
national logistics hub. Demonstration Zone of Hainan Province
In August 2019, the National Development and The High-tech Industrial Demonstration Zone
Reform Commission issued the “General Plan for of Hainan Province is located in the Old City
134
to: (i) accelerate the process of building a free (the “Plan”), which explicitly proposed to give full
port with Chinese characteristics; (ii) greatly relax play to the role of Hainan Yangpu Port. The Plan
access for foreign capital entering the market; (iii) supports Yangpu Port to attract domestic and
improve the level of trade facilitation; (iv) build foreign cargo sources, develop international transit
a comprehensive trade supervision model; (v) transportation business, and cultivate it into a
promote transformation and upgrading of trade; regional international container hub port.
(vi) accelerate financial openness and innovation;
and (vii) strengthen international cooperation In July 2019, the People's Government of Hainan
along the Belt and Road. Province issued the “Measures to Support the
Development of Yangpu Economic Development
Hainan Yangpu Economic Zone (Trial)”, which proposed to: (i) include the
Development Zone Oriental Port Industrial Park under management
of the Yangpu Economic Development Zone; (ii)
The Yangpu Economic Development Zone is a encourage the management committee to reform
state-level development zone established under a statutory institutions and implement an enterprise-
bonded area policy approved by the State Council in and market-oriented employment system; (iii)
1992. The zone is located on the Yangpu Peninsula increase financial support and broaden investment
in northwestern Hainan, with an area of 31 square and financing channels; and (iv) co-ordinate on
kilometers. In 2007, the State Council approved protection of construction land and come up with
the establishment of the Yangpu Bonded Port disposal methods for existing construction land.
with an area of 9.2063 square kilometers. In July
2012, upon the approval of the State Council, the In the 27 years of development and construction
location of adjoining development zone parcels was for the Yangpu Economic Development Zone, a
adjusted. In October 2013, upon the approval of the number of key projects with advanced technology,
Hainan Provincial Party Committee and the Hainan high added value, and high environmental
Provincial People’s Government, the organizational protection levels have been completed. It has
system of Sandu Town in Danzhou was put under become a leader in Hainan's industrial development
the jurisdiction of Yangpu. The planned area for and the growth of foreign trade. 20 domestic and
the Yangpu Economic Development Zone is 120 foreign trade routes have been opened. The zone
square kilometers with a population of 100,000. The has preliminarily established a route framework
Yangpu Economic Development Zone is to develop with Yangpu Port serving as the international transit
into a "one port and three bases", i.e., "a shipping port. Domestic trade routes connect domestic
hub port, a petrochemical base, an integrated pulp- coastal ports in regions such as the Beibu Gulf,
paper production base and an oil and gas reserve Yangtze River Delta, North China, and Northeast
base oriented to southeast Asia". Yangpu’s industrial Pearl River Delta. Foreign trade routes connect
development strategy is to seize the strategic to southeast Asian countries and regions such as
opportunities of the “Maritime Silk Road” and “Free Vietnam, Singapore, Malaysia and Myanmar. Since
Trade Zone” and focus on building two platforms, the start of the province's centralized construction
i.e., an export processing base for petrochemical project activities, a total of 5 batches of 14 projects
products and an international energy trading center have been started with a total investment of
oriented to southeast Asia. Rmb30.92 billion. As of the end of October 2019,
a total of Rmb1.637 billion had been invested. It is
In December 2018, the development plan expected that Rmb2.507 billion will be invested by
of Yangpu was incorporated into the “National the end of 2019.
Logistics Hub Layout and Construction Plan”. This
represents that Yangpu is becoming a port-type Agricultural High-tech Industry
national logistics hub. Demonstration Zone of Hainan Province
In August 2019, the National Development and The High-tech Industrial Demonstration Zone
Reform Commission issued the “General Plan for of Hainan Province is located in the Old City
134
