Page 126 - 2022 Special Report on the State of Business in South China
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focus on the liberalization and facilitation of trade the ministry of industry and information technology
and investments. The overall business environment together with other almost 20 ministries announce
will be brought to the first-class level in China, the several measures to enhance the construction of
number of market entities will be substantially free trade port in June 2021. These measures involve
increased, industrial competitiveness will be enhancing the convenience of import and export
significantly improved, powerful and effective risk of goods and services, promoting digital trade and
prevention and control mechanisms will be in place, innovation, further attracting foreign investment
laws and regulations will be gradually perfected to and strengthening international cooperation84.
adapt to the construction of a free trade port, and
the quality and efficiency of economic development Hainan Yangpu Economic Development
will be markedly enhanced. Zone
- By 2035, the free trade port system and The Yangpu Economic Development Zone is a
operation mode will be more mature. Trade state-level development zone established under a
and investment rules characterized by freedom, bonded area policy approved by the State Council in
fairness, rule of law and high-level process 1992. The zone is located on the Yangpu Peninsula
supervision will be established to realize free and in northwestern Hainan, with an area of 31 square
convenient trade, free and convenient investments, kilometers. In 2007, the State Council approved the
free and convenient cross-border flow of capital, establishment of the Yangpu Bonded Port with an
free and convenient access for people and free and area of 9.2 square kilometers. In July 2012, upon
convenient transportation, as well as secure and the approval of the State Council, the location of
orderly flow of data. The business environment adjoining development zone parcels was adjusted.
will be optimized, laws and regulations will be In October 2013, upon the approval of the Hainan
improved, risk prevention and control systems will Provincial Party Committee and the Hainan
be more rigorous, and modern social governance Provincial People’s Government, the organizational
will be enhanced, with Hainan becoming a new system of Sandu Town in Danzhou was put under
highlight of China's open economy. the jurisdiction of Yangpu. The planned area for
the Yangpu Economic Development Zone is 120
To follow up the policy support, the ministry of square kilometers with a population of 100,000.
commerce announces a program to expand the The Yangpu Economic Development Zone is to
service industry in Hainan in April 2021. It requires develop into a "one port and three bases", i.e.,
that after 3 years pilot, a more open market will "a shipping hub port, a petrochemical base, an
be constructed with standardized and effective integrated pulp-paper production base and an oil
management system through facilitating of market and gas reserve base oriented to southeast Asia".
access, reforming the regulations, and optimizing Yangpu’s industrial development strategy is to seize
the market environment. Hainan is assigned to the strategic opportunities of the “Maritime Silk
share pilot experience as a best practice of the new Road” and “Free Trade Zone” and focus on building
pattern of development82. Additionally, the national two platforms, i.e., an export processing base
development and reform commission has further for petrochemical products and an international
released the market access for several major energy trading center oriented to southeast Asia.
industries in Hainan, such as pharmaceutical and
medical equipment, financial industry, culture and On 8 January 2020, the Yangpu Committee of
game industry, education, aviation, sports, etc.83 Industry of the Communist Party of China and
Moreover, in June 2021, the ministry of commerce, the Office of Yangpu Economic Development
the national development and reform commission, Zone Management Committee issued the "Ten
Measures for Improving Customs Clearance
82 The ministry of commerce, https://www. Efficiency of Yangpu Economic Development
hainan.gov.cn/hainan/zhl/202104/b6c13b642c0740be- Zone". In order to speed up the formation of a
82ae31e8945aecfb.shtml
83 The national development and reform com- 84 The ministry of commerce, https://
mission, https://www.hainan.gov.cn/hainan/ztzc/20210 www.hainan.gov.cn/hainan/myl/202104/bbc42d-
4/37a515b218024a9f8ef8ba5259f9655b.shtml 7b2b4d45c8a75cfc29fac065f7.shtml
126
and investments. The overall business environment together with other almost 20 ministries announce
will be brought to the first-class level in China, the several measures to enhance the construction of
number of market entities will be substantially free trade port in June 2021. These measures involve
increased, industrial competitiveness will be enhancing the convenience of import and export
significantly improved, powerful and effective risk of goods and services, promoting digital trade and
prevention and control mechanisms will be in place, innovation, further attracting foreign investment
laws and regulations will be gradually perfected to and strengthening international cooperation84.
adapt to the construction of a free trade port, and
the quality and efficiency of economic development Hainan Yangpu Economic Development
will be markedly enhanced. Zone
- By 2035, the free trade port system and The Yangpu Economic Development Zone is a
operation mode will be more mature. Trade state-level development zone established under a
and investment rules characterized by freedom, bonded area policy approved by the State Council in
fairness, rule of law and high-level process 1992. The zone is located on the Yangpu Peninsula
supervision will be established to realize free and in northwestern Hainan, with an area of 31 square
convenient trade, free and convenient investments, kilometers. In 2007, the State Council approved the
free and convenient cross-border flow of capital, establishment of the Yangpu Bonded Port with an
free and convenient access for people and free and area of 9.2 square kilometers. In July 2012, upon
convenient transportation, as well as secure and the approval of the State Council, the location of
orderly flow of data. The business environment adjoining development zone parcels was adjusted.
will be optimized, laws and regulations will be In October 2013, upon the approval of the Hainan
improved, risk prevention and control systems will Provincial Party Committee and the Hainan
be more rigorous, and modern social governance Provincial People’s Government, the organizational
will be enhanced, with Hainan becoming a new system of Sandu Town in Danzhou was put under
highlight of China's open economy. the jurisdiction of Yangpu. The planned area for
the Yangpu Economic Development Zone is 120
To follow up the policy support, the ministry of square kilometers with a population of 100,000.
commerce announces a program to expand the The Yangpu Economic Development Zone is to
service industry in Hainan in April 2021. It requires develop into a "one port and three bases", i.e.,
that after 3 years pilot, a more open market will "a shipping hub port, a petrochemical base, an
be constructed with standardized and effective integrated pulp-paper production base and an oil
management system through facilitating of market and gas reserve base oriented to southeast Asia".
access, reforming the regulations, and optimizing Yangpu’s industrial development strategy is to seize
the market environment. Hainan is assigned to the strategic opportunities of the “Maritime Silk
share pilot experience as a best practice of the new Road” and “Free Trade Zone” and focus on building
pattern of development82. Additionally, the national two platforms, i.e., an export processing base
development and reform commission has further for petrochemical products and an international
released the market access for several major energy trading center oriented to southeast Asia.
industries in Hainan, such as pharmaceutical and
medical equipment, financial industry, culture and On 8 January 2020, the Yangpu Committee of
game industry, education, aviation, sports, etc.83 Industry of the Communist Party of China and
Moreover, in June 2021, the ministry of commerce, the Office of Yangpu Economic Development
the national development and reform commission, Zone Management Committee issued the "Ten
Measures for Improving Customs Clearance
82 The ministry of commerce, https://www. Efficiency of Yangpu Economic Development
hainan.gov.cn/hainan/zhl/202104/b6c13b642c0740be- Zone". In order to speed up the formation of a
82ae31e8945aecfb.shtml
83 The national development and reform com- 84 The ministry of commerce, https://
mission, https://www.hainan.gov.cn/hainan/ztzc/20210 www.hainan.gov.cn/hainan/myl/202104/bbc42d-
4/37a515b218024a9f8ef8ba5259f9655b.shtml 7b2b4d45c8a75cfc29fac065f7.shtml
126
