Page 130 - 2022 Special Report on the State of Business in South China
P. 130
China (Haikou) Cross-border E-commerce increasing by 18% YoY90. In addition, Haikou, as the
Comprehensive Pilot Zone pilot zone for cross-border e-commerce, achieved
an online retail sale of RMB31.0 billion in the first
In August 2018, the State Council issued 9 months of 2021, including RMB26.2 billion in
the “Official Reply of the State Council on product (food and health care, 3C device, beauty
Approving Proposed Cross-border E-commerce care) and RMB4.8 billion in service (online catering,
Comprehensive Pilot Zones in 22 Cities Including online tourism, life services)91.
Beijing”, approving the establishment of the
China (Haikou) Cross-border E-commerce Summary
Comprehensive Pilot Zone.
The Hainan Free Trade Zone is committed
On 30 December 2018, the People’s Government to (i) improving the level of investment and
of Hainan Province released the “Implementation trade facilitation, (ii) expanding the opening-up
Plan of the China (Haikou) Cross-Border E-Commerce of the financial sector, and (iii) accelerating the
Comprehensive Pilot Zone” (the “Plan”). According creation of a convenient business environment
to the Plan, through three to five years of practical through the "separation of licenses and licenses"
exploration, Hainan will strive to generate from reform, relaxing credit and trade restrictions,
the China (Haikou) Cross-Border E-Commerce developing high-tech technology and supporting
Comprehensive Pilot Zone a new format and industry funds, guiding the digital transformation
model for cross-border e-commerce with "online of enterprises, and creating a networked and
integration + cross-border trade + integrated intelligent digital industry. Hainan Province focuses
services" as the main characteristics and "logistics on supporting the development of the agriculture,
clearance channels + cross-border e-commerce medical care, tourism and leisure industries,
+ integrated service supervision information encouraging foreign investment, establishing
system + financial value-added services" as the electronic ports, supporting private enterprises
core competitiveness, with integration of “board", to develop financial services, and building a high-
"tax", "foreign exchange", "business", "goods", tech agricultural demonstration zone and a leading
"connection” and online "cross-border e-commerce international medical tourism zone in Bo’ao.
integrated service supervision" platforms into the
"Integrated Park" platform. 90 Statistics Bureau of Haikou, http://
tjj.haikou.gov.cn/tjsj1/tjsjfb/tjyb/202108/
In 2020, the GDP of Haikou reached RMB179.2 P020210802553212056226.pdf
billion, up to 5.3% YoY growth, and the value- 91 Haikou International Investment Promotion
added of the tertiary industry was RMB144.2 billion Bureau, http://hiipb.com/news/show-6753.html
with 6.4% YoY growth and contributed 95.3% of
GDP growth. As the key tourist shopping center,
the retail sales of duty-free products in Haikou
reached RMB 9.1 billion in 2020, with 175.1%
YoY growth, contributing 483.3% to the growth
of the city's total retail sales. 665 new foreign-
funded enterprises were established in 2020 with
310% YoY growth, accounting for 66% of the total
number of the province(1,005). Actual utilization
of foreign investment reached US$1.7 billion with
157% YoY growth, accounting for 56.8% of the total
number of the province (US$3.0 billion)89. In 2021,
Haikou continued to recover steadily and its GDP
reached RMB86.2 billion in the first half of the year,
89 Statistics Bureau of Haikou, http://
tjj.haikou.gov.cn/tjsj1/tjsjfb/tjfx/dqfx/202102/
t20210204_1576623.html
130
Comprehensive Pilot Zone pilot zone for cross-border e-commerce, achieved
an online retail sale of RMB31.0 billion in the first
In August 2018, the State Council issued 9 months of 2021, including RMB26.2 billion in
the “Official Reply of the State Council on product (food and health care, 3C device, beauty
Approving Proposed Cross-border E-commerce care) and RMB4.8 billion in service (online catering,
Comprehensive Pilot Zones in 22 Cities Including online tourism, life services)91.
Beijing”, approving the establishment of the
China (Haikou) Cross-border E-commerce Summary
Comprehensive Pilot Zone.
The Hainan Free Trade Zone is committed
On 30 December 2018, the People’s Government to (i) improving the level of investment and
of Hainan Province released the “Implementation trade facilitation, (ii) expanding the opening-up
Plan of the China (Haikou) Cross-Border E-Commerce of the financial sector, and (iii) accelerating the
Comprehensive Pilot Zone” (the “Plan”). According creation of a convenient business environment
to the Plan, through three to five years of practical through the "separation of licenses and licenses"
exploration, Hainan will strive to generate from reform, relaxing credit and trade restrictions,
the China (Haikou) Cross-Border E-Commerce developing high-tech technology and supporting
Comprehensive Pilot Zone a new format and industry funds, guiding the digital transformation
model for cross-border e-commerce with "online of enterprises, and creating a networked and
integration + cross-border trade + integrated intelligent digital industry. Hainan Province focuses
services" as the main characteristics and "logistics on supporting the development of the agriculture,
clearance channels + cross-border e-commerce medical care, tourism and leisure industries,
+ integrated service supervision information encouraging foreign investment, establishing
system + financial value-added services" as the electronic ports, supporting private enterprises
core competitiveness, with integration of “board", to develop financial services, and building a high-
"tax", "foreign exchange", "business", "goods", tech agricultural demonstration zone and a leading
"connection” and online "cross-border e-commerce international medical tourism zone in Bo’ao.
integrated service supervision" platforms into the
"Integrated Park" platform. 90 Statistics Bureau of Haikou, http://
tjj.haikou.gov.cn/tjsj1/tjsjfb/tjyb/202108/
In 2020, the GDP of Haikou reached RMB179.2 P020210802553212056226.pdf
billion, up to 5.3% YoY growth, and the value- 91 Haikou International Investment Promotion
added of the tertiary industry was RMB144.2 billion Bureau, http://hiipb.com/news/show-6753.html
with 6.4% YoY growth and contributed 95.3% of
GDP growth. As the key tourist shopping center,
the retail sales of duty-free products in Haikou
reached RMB 9.1 billion in 2020, with 175.1%
YoY growth, contributing 483.3% to the growth
of the city's total retail sales. 665 new foreign-
funded enterprises were established in 2020 with
310% YoY growth, accounting for 66% of the total
number of the province(1,005). Actual utilization
of foreign investment reached US$1.7 billion with
157% YoY growth, accounting for 56.8% of the total
number of the province (US$3.0 billion)89. In 2021,
Haikou continued to recover steadily and its GDP
reached RMB86.2 billion in the first half of the year,
89 Statistics Bureau of Haikou, http://
tjj.haikou.gov.cn/tjsj1/tjsjfb/tjfx/dqfx/202102/
t20210204_1576623.html
130
