Page 120 - 2022 Special Report on the State of Business in South China
P. 120
nan
The Economy the construction of international theme parks,
and fosters medical and sports sector. Due to the
Locatedat the southernmost tip of COVID-19 pandemic, the number of international
China, Hainan overlooks tourists decreased heavily in the past one year,
Guangdong across the Qiongzhou Strait to the but thanks to the effective prevention and control
north, Vietnam across the Beibu Bay to the west. of China, over 54.4 million domestic tourists visited
Its neighbors in the South China Sea include the Hainan, driving the revenue of tourism achieved
Philippines, Brunei and Malaysia. It became a RMB87.3 billion in 202078. The tourism industry
province and SEZ in 1988, abbreviated as Qiong. maintained steady recovery in the first 9 months
The island covers a land area of 35,400 square of 2021, the number of domestic overnight tourists
kilometers and has a maritime area of about 2 reached 41.4 million with 29.1% YoY growth79.
million square kilometers, with total population
of 10.1million76. In 2020, Hainan’s GDP reached Recent Policies and Reforms
RMB553.2 billion with 3.5% YoY growth. Hainan is
China’s smallest province, due to its subtropical Master Plan for the Construction of the
climate, high precipitation and mild temperature Hainan Free Trade Port
differences throughout the year, the province has
well-developed primary industries (contributing On 1 June 2020 the State Council issued the
to 20.5% of GDP in 2020). While it is also the “Master Plan for the Construction of the Hainan
largest special economic zone of China, which Free Trade Port in order to benchmark against
supports the rapidly growth of tertiary industry high-level international economic and trade rules,
(60.4% of GDP), such as tourism. Its secondary liberate thoughts, make bold innovations, focus
industries, at just 19.1% of GDP. Among them, on the liberalization and facilitation of trade and
petrochemicals, pharmaceuticals, agricultural investment, establish a policy and institutional
non-staple food processing and papermaking are system suitable for a high-level free trade port,
the main industries77. create a special area of customs supervision with
international competitiveness and influence, and
Market Highlights build the Hainan Free Trade Port into a “shining
flag” and an important open portal leading to China
Tourism industry is the one of the top priorities opening-up to the outside world. This plan includes:
of Hainan’s economy development. The province
is keen on utilizing its natural resources such as - Development goals:
mangrove forests, coral reefs, beaches, tropical cash
crop plantations and rainforests to attract tourists 1. By 2025, a free trade port policy and
from all over the world. To boost high-end service institutional system will have been established,
and enhance the value-added of tourism industry, focusing on the liberalization and facilitation
it also offers numerous tourist festivals and
exhibitions, expands in cruise ship traffic, promotes 78 Department of Tourism, Culture, Radio,
Television and Sports of Hainan Province, http://lwt.
76 Government site of Hainan, http://en.hainan. hainan.gov.cn/xxgk_55333/lytj/2020data/202101/
gov.cn/englishgov/AboutHaiNan/ t20210120_2921759.html
77 Government site of Hainan, https://www. 79 Department of Tourism, Culture, Radio,
hainan.gov.cn/hainan/tjgb/202102/4e1e6520d4424463 Television and Sports of Hainan Province, http://lwt.
bb82807089a884e3.shtml hainan.gov.cn/xxgk_55333/lytj/2021data/202110/
t20211018_3076195.html
120
The Economy the construction of international theme parks,
and fosters medical and sports sector. Due to the
Locatedat the southernmost tip of COVID-19 pandemic, the number of international
China, Hainan overlooks tourists decreased heavily in the past one year,
Guangdong across the Qiongzhou Strait to the but thanks to the effective prevention and control
north, Vietnam across the Beibu Bay to the west. of China, over 54.4 million domestic tourists visited
Its neighbors in the South China Sea include the Hainan, driving the revenue of tourism achieved
Philippines, Brunei and Malaysia. It became a RMB87.3 billion in 202078. The tourism industry
province and SEZ in 1988, abbreviated as Qiong. maintained steady recovery in the first 9 months
The island covers a land area of 35,400 square of 2021, the number of domestic overnight tourists
kilometers and has a maritime area of about 2 reached 41.4 million with 29.1% YoY growth79.
million square kilometers, with total population
of 10.1million76. In 2020, Hainan’s GDP reached Recent Policies and Reforms
RMB553.2 billion with 3.5% YoY growth. Hainan is
China’s smallest province, due to its subtropical Master Plan for the Construction of the
climate, high precipitation and mild temperature Hainan Free Trade Port
differences throughout the year, the province has
well-developed primary industries (contributing On 1 June 2020 the State Council issued the
to 20.5% of GDP in 2020). While it is also the “Master Plan for the Construction of the Hainan
largest special economic zone of China, which Free Trade Port in order to benchmark against
supports the rapidly growth of tertiary industry high-level international economic and trade rules,
(60.4% of GDP), such as tourism. Its secondary liberate thoughts, make bold innovations, focus
industries, at just 19.1% of GDP. Among them, on the liberalization and facilitation of trade and
petrochemicals, pharmaceuticals, agricultural investment, establish a policy and institutional
non-staple food processing and papermaking are system suitable for a high-level free trade port,
the main industries77. create a special area of customs supervision with
international competitiveness and influence, and
Market Highlights build the Hainan Free Trade Port into a “shining
flag” and an important open portal leading to China
Tourism industry is the one of the top priorities opening-up to the outside world. This plan includes:
of Hainan’s economy development. The province
is keen on utilizing its natural resources such as - Development goals:
mangrove forests, coral reefs, beaches, tropical cash
crop plantations and rainforests to attract tourists 1. By 2025, a free trade port policy and
from all over the world. To boost high-end service institutional system will have been established,
and enhance the value-added of tourism industry, focusing on the liberalization and facilitation
it also offers numerous tourist festivals and
exhibitions, expands in cruise ship traffic, promotes 78 Department of Tourism, Culture, Radio,
Television and Sports of Hainan Province, http://lwt.
76 Government site of Hainan, http://en.hainan. hainan.gov.cn/xxgk_55333/lytj/2020data/202101/
gov.cn/englishgov/AboutHaiNan/ t20210120_2921759.html
77 Government site of Hainan, https://www. 79 Department of Tourism, Culture, Radio,
hainan.gov.cn/hainan/tjgb/202102/4e1e6520d4424463 Television and Sports of Hainan Province, http://lwt.
bb82807089a884e3.shtml hainan.gov.cn/xxgk_55333/lytj/2021data/202110/
t20211018_3076195.html
120
