Page 122 - 2022 Special Report on the State of Business in South China
P. 122
10 The rapid development of Hainan’s tourist industry
Source: Department of Tourism, Culture, Radio, Television and Sports of Hainan Province
of trade and investment. The overall business - Institutional Design：
environment will be brought to the first-class
level in China, the number of market entities The main content can be summarized as "6+1+4".
will be substantially increased, industrial The “6” represents freedom and convenience of
competitiveness will be significantly improved, trade, investment, cross-border flow of capital,
powerful and effective risk prevention and access for talents, transportation, and secure
control mechanisms will be in place, laws and and orderly flow of data. The “1” represents
regulations will be gradually perfected to adapt constructing a modern industrial system. Special
to the construction of a free trade port, and the emphasis should be placed on the strengths
quality and efficiency of economic development and characteristics of Hainan when vigorously
will be markedly enhanced. developing the tourism, modern service and high-
tech industries. The “4” represents strengthening
2. By 2035, the free trade port system and institutional building in terms of tax systems,
operation mode will be more mature. Trade social governance, rule of law, and risk prevention
and investment rules characterized by freedom, and control systems.
fairness, rule of law and high-level process
supervision will be basically established to realize The Outline of the 14th Five-Year Plan
free and convenient trade, free and convenient (2021-2025) for Hainan Economic and Social
investment, free and convenient cross-border Development and the Long-Range Objec-
flow of capital, free and convenient access for tives Through the Year 203580.
people and free and convenient transportation,
as well as secure and orderly flow of data. The On 13 March 2021, the Outline of the 14th Five-
business environment will be more optimized, Year Plan (2021-2025) for Hainan Economic and
the system of laws and regulations will be Social Development and the Long-Range Objectives
sounder, the risk prevention and control system Through the Year 2035 was released. It sets main
will be more rigorous, and a pattern of modern targets and specific plans for the economic and
social governance will be basically formed, with social development of Hainan. Specifically:
Hainan becoming a new highland of China's
open economy. Economic Targets:
3. By the middle of the century, a high-level - An average annual growth of GDP over
free trade port with strong international influence 10%, and GDP reaches RMB1000 billion by 2025.
will have been fully built.
80 Government site of Hainan, https://www.
122 hainan.gov.cn/hainan/qjcqhghqw/202104/3ecc6cf2792
d4cf190bc0b6258cafa58.shtml
Source: Department of Tourism, Culture, Radio, Television and Sports of Hainan Province
of trade and investment. The overall business - Institutional Design：
environment will be brought to the first-class
level in China, the number of market entities The main content can be summarized as "6+1+4".
will be substantially increased, industrial The “6” represents freedom and convenience of
competitiveness will be significantly improved, trade, investment, cross-border flow of capital,
powerful and effective risk prevention and access for talents, transportation, and secure
control mechanisms will be in place, laws and and orderly flow of data. The “1” represents
regulations will be gradually perfected to adapt constructing a modern industrial system. Special
to the construction of a free trade port, and the emphasis should be placed on the strengths
quality and efficiency of economic development and characteristics of Hainan when vigorously
will be markedly enhanced. developing the tourism, modern service and high-
tech industries. The “4” represents strengthening
2. By 2035, the free trade port system and institutional building in terms of tax systems,
operation mode will be more mature. Trade social governance, rule of law, and risk prevention
and investment rules characterized by freedom, and control systems.
fairness, rule of law and high-level process
supervision will be basically established to realize The Outline of the 14th Five-Year Plan
free and convenient trade, free and convenient (2021-2025) for Hainan Economic and Social
investment, free and convenient cross-border Development and the Long-Range Objec-
flow of capital, free and convenient access for tives Through the Year 203580.
people and free and convenient transportation,
as well as secure and orderly flow of data. The On 13 March 2021, the Outline of the 14th Five-
business environment will be more optimized, Year Plan (2021-2025) for Hainan Economic and
the system of laws and regulations will be Social Development and the Long-Range Objectives
sounder, the risk prevention and control system Through the Year 2035 was released. It sets main
will be more rigorous, and a pattern of modern targets and specific plans for the economic and
social governance will be basically formed, with social development of Hainan. Specifically:
Hainan becoming a new highland of China's
open economy. Economic Targets:
3. By the middle of the century, a high-level - An average annual growth of GDP over
free trade port with strong international influence 10%, and GDP reaches RMB1000 billion by 2025.
will have been fully built.
80 Government site of Hainan, https://www.
122 hainan.gov.cn/hainan/qjcqhghqw/202104/3ecc6cf2792
d4cf190bc0b6258cafa58.shtml
