Page 122 - 2021 Special Report
P. 122
Hainan
The Economy The emphasis in economic policy also relies
heavily on the tourism sector. Building on the
Hainan abbreviated as Qiong, used tourism visa waiver for foreign visitors that is
to be a special administrative already in place, Hainan seeks to add value to the
region of Guangdong province, but became its own tourism industry through the conventions and
province and special economic zone (SEZ) in 1988. exhibitions industry, expansion of cruise ship
The province has a total area around 33,900 sq km, traffic, construction of international theme parks,
and population of 9.5m in 2019. In addition to the and development of medical and sports tourism.
island of Hainan, it also includes Xisha (Paracel)
Islands, Nansha (Spratly) Islands and Zhongsha Recent Policies and Reforms
Islands in the South China Sea. Sanya, Haikou and
Danzhou are its major cities. Master Plan for the Construction of the
Hainan FreeTrade Port
In 2019, Hainan ranked 28th out of China’s
31 provinces by economic size, and accounts for On 1 June 2020 the State Council issued the
just 0.54% of national GDP. Due to its subtropical “Master Plan for the Construction of the Hainan
climate, high precipitation and mild temperature Free Trade Port in order to benchmark against
differences throughout the year, the province has high-level international economic and trade rules,
well-developed primary industries (contributing to liberate thoughts, make bold innovations, focus
20.3% of GDP in 2019) such as agriculture. While on the liberalization and facilitation of trade and
Hainan is China’s smallest province, it is also its investment, establish a policy and institutional
largest special economic zone, which supports system suitable for a high-level free trade port,
tertiary industries that are rapidly growing (58.9% create a special area of customs supervision with
of GDP) such as tourism, while its secondary international competitiveness and influence, and
industries, at just 20.7% of GDP, are among the build the Hainan Free Trade Port into a “shining
lowest in China. Among them, petrochemicals, flag” and an important open portal leading to
pharmaceuticals, agricultural non-staple food China opening up to the outside world. This plan
processing and papermaking are the main includes:
industries.
I. Development goals
The unique economic structure in Hainan has
one of the best-preserved natural environments By 2025, a free trade port policy and
in China. The province is keen on utilizing its institutional system will have been established,
tourism resources such as mangrove forests, coral focusing on the liberalization and facilitation
reefs, beaches, tropical cash crop plantations and of trade and investment. The overall business
rainforests. Sanya, a tropical beach resort located environment will be brought to the first-class level
in the south of the island, is one of China’s major in China, the number of market entities will be
tourist and holiday resorts. Hainan also offers substantially increased, industrial competitiveness
numerous tourist festivals and celebrations. will be significantly improved, powerful and
"Hainan Coconut International Festival" is held effective risk prevention and control mechanisms
annually and attracts thousands of overseas and will be in place, laws and regulations will be
domestic visitors. The Boao Forum for Asia is held gradually perfected to adapt to the construction
everyyearinBoaowithparticipationoftopworldleaders.
122
The Economy The emphasis in economic policy also relies
heavily on the tourism sector. Building on the
Hainan abbreviated as Qiong, used tourism visa waiver for foreign visitors that is
to be a special administrative already in place, Hainan seeks to add value to the
region of Guangdong province, but became its own tourism industry through the conventions and
province and special economic zone (SEZ) in 1988. exhibitions industry, expansion of cruise ship
The province has a total area around 33,900 sq km, traffic, construction of international theme parks,
and population of 9.5m in 2019. In addition to the and development of medical and sports tourism.
island of Hainan, it also includes Xisha (Paracel)
Islands, Nansha (Spratly) Islands and Zhongsha Recent Policies and Reforms
Islands in the South China Sea. Sanya, Haikou and
Danzhou are its major cities. Master Plan for the Construction of the
Hainan FreeTrade Port
In 2019, Hainan ranked 28th out of China’s
31 provinces by economic size, and accounts for On 1 June 2020 the State Council issued the
just 0.54% of national GDP. Due to its subtropical “Master Plan for the Construction of the Hainan
climate, high precipitation and mild temperature Free Trade Port in order to benchmark against
differences throughout the year, the province has high-level international economic and trade rules,
well-developed primary industries (contributing to liberate thoughts, make bold innovations, focus
20.3% of GDP in 2019) such as agriculture. While on the liberalization and facilitation of trade and
Hainan is China’s smallest province, it is also its investment, establish a policy and institutional
largest special economic zone, which supports system suitable for a high-level free trade port,
tertiary industries that are rapidly growing (58.9% create a special area of customs supervision with
of GDP) such as tourism, while its secondary international competitiveness and influence, and
industries, at just 20.7% of GDP, are among the build the Hainan Free Trade Port into a “shining
lowest in China. Among them, petrochemicals, flag” and an important open portal leading to
pharmaceuticals, agricultural non-staple food China opening up to the outside world. This plan
processing and papermaking are the main includes:
industries.
I. Development goals
The unique economic structure in Hainan has
one of the best-preserved natural environments By 2025, a free trade port policy and
in China. The province is keen on utilizing its institutional system will have been established,
tourism resources such as mangrove forests, coral focusing on the liberalization and facilitation
reefs, beaches, tropical cash crop plantations and of trade and investment. The overall business
rainforests. Sanya, a tropical beach resort located environment will be brought to the first-class level
in the south of the island, is one of China’s major in China, the number of market entities will be
tourist and holiday resorts. Hainan also offers substantially increased, industrial competitiveness
numerous tourist festivals and celebrations. will be significantly improved, powerful and
"Hainan Coconut International Festival" is held effective risk prevention and control mechanisms
annually and attracts thousands of overseas and will be in place, laws and regulations will be
domestic visitors. The Boao Forum for Asia is held gradually perfected to adapt to the construction
everyyearinBoaowithparticipationoftopworldleaders.
122
