Page 120 - 2023 Special Report on the State of Business in South China
P. 120
- An annual growth of import and export Targets of tourism:
trade over 10%
- A total number of tourists from 64.6 million
- An annual growth of investment in R&D to 110 million by 2025 with 11% YoY growth
over 34%
- A total tourism revenue of RMB87.3 billion
Major tasks: to RMB180 billion by 2025 with 15% YoY growth

- To further promote the facilitation of - A total number of international tourists 2.6
investment and trade million by 2025 with 63% YoY growth.

- To further enhance the convenience for - Provide high-quality tourism service, to
the exchange of capital, human resource, and boost tourists spend more days staying in Hainan
transportation (from 3.8 days to more than 4.5 days) and domestic
tourists spend more for visiting Hainan (from
- To further emphasize the implementation RMB1,032 to RMB 1,350)
of free trade port tax policy
- Focus on developing five tourism themes:
- Tofurtherintegrateintothenewdevelopment shopping tourism, health care tourism, ocean
pattern of retail, high-quality open economy, regional tourism, culture tourism and sports tourism
cooperation and Belt and Road Initiative
- Highlight on exploring eight unique
- To speed up the construction of modern tourism sectors: exhibition, island tour, theme
industries, such as high-tech, modern service, park, rainforests, cruise shipping, town tour, urban
smart city, and economic parks tourism and wedding services

- To further promote the construction of Special economic zones
innovation systems and platforms
China (Hainan) Pilot Free Trade Zone
- To focus on building an international
tourism and shopping center On 1 June 2020, the Central Committee of the
CPC and the State Council issued the Master Plan
- To further upgrade the new infrastructure for the Construction of the Hainan Free Trade Port.
It indicated that:
- To build green economy and implement
decarbonization - By 2025, a free trade port policy and
institutional system will be established and will
The Outline of the 14th Five-Year Plan focus on the liberalization and facilitation of trade
(2021-2025) for Hainan Tourism, Culture, and investments. The overall business environment
Media, and Sports Development67 will be brought to the first-class level in China, the
number of market entities will be substantially
On 30 June 2021, the government of Hainan increased, industrial competitiveness will be
further announced its Outline of the 14th Five- significantly improved, powerful and effective risk
Year Plan (2021-2025) for Tourism, Culture, Media, prevention and control mechanisms will be in place,
and Sports Development, which highlighted the laws and regulations will be gradually perfected to
specific targets and tasks for Hainan to build a free adapt to the construction of a free trade port, and
trade port with international influence on tourism, the quality and efficiency of economic development
culture, media and sports services. Specifically: will be markedly enhanced.
67 Government site of Hainan, https://www.
hainan.gov.cn/hainan/qjcqhghqw/202107/1f7f08bb1d2 - By 2035, the free trade port system and
84c5891969263458b8f62.shtml operation mode will be more mature. Trade

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