Page 168 - 2024 Special Report on the State of Business in South China
P. 168
- By 2025, a free trade port policy and “a shipping hub port, a petrochemical base, an
institutional system will be established and will integrated pulp-paper production base and an oil
focus on the liberalization and facilitation of trade and gas reserve base oriented to southeast Asia”.
and investments. The overall business environment Yangpu’s industrial development strategy is to seize
will be brought to the first-class level in China, the the strategic opportunities of the Maritime Silk
number of market entities will be substantially Road and Free Trade Zone and focus on building
increased, industrial competitiveness will be two platforms, i.e., an export processing base
significantly improved, powerful and effective risk for petrochemical products and an international
prevention and control mechanisms will be in place, energy trading center oriented to southeast Asia.
laws and regulations will be gradually perfected to
adapt to the construction of a free trade port, and In the 27 years of development and construction
the quality and efficiency of economic development for the Yangpu Economic Development Zone, a
will be markedly enhanced. number of key projects with advanced technology,
high-added value, and high environmental
- By 2035, the free trade port system and protection levels have been completed. It has
operation mode will be more mature. Trade become a leader in Hainan’s industrial development
and investment rules characterized by freedom, and the growth of foreign trade. 20 domestic and
fairness, rule of law and high-level process foreign trade routes have been opened. The zone
supervision will be established to realize free and has preliminarily established a route framework
convenient trade, free and convenient investments, with Yangpu Port serving as the international transit
free and convenient cross-border flow of capital, port. Domestic trade routes connect domestic
free and convenient access for people and free and coastal ports in regions such as the Beibu Gulf,
convenient transportation, as well as secure and Yangtze River Delta, North China, and Northeast
orderly flow of data. The business environment Pearl River Delta. Foreign trade routes connect
will be optimized, laws and regulations will be to southeast Asian countries and regions such as
improved, risk prevention and control systems will Vietnam, Singapore, Malaysia and Myanmar.
be more rigorous, and modern social governance
will be enhanced, with Hainan becoming a new In 2022, the GDP of Yangpu Economic
highlight of China’s open economy. Development Zone reached RMB846.1 billion, with
a growth rate of 50.5%, accounting for nearly half
Hainan Yangpu Economic Development of the province82. Focusing on the four leading
Zone industries, Yangpu continues to optimize its
industrial layout, promote industrial integration,
The Yangpu Economic Development Zone is a development, transformation and upgrading, and
state-level development zone established under a strive to create a new growth pole for high-quality
bonded area policy approved by the State Council in economic development in Hainan.
1992. The zone is located on the Yangpu Peninsula
in northwestern Hainan, with an area of 31km2. In Bo’ao Lecheng International Medical
2007, the State Council approved the establishment Tourism Pilot Zone
of the Yangpu Bonded Port with an area of 9.2
km2. In July 2012, upon the approval of the State Bo’ao Lecheng International Medical Tourism
Council, the location of adjoining development Pilot Zone was established under the approval of
zone parcels was adjusted. In October 2013, the State Council on 28 February 2013. The zone
upon the approval of the Hainan Provincial Party pilots the development of international medical
Committee and the Hainan Provincial People’s tourism related industries such as chartered
Government, the organizational system of Sandu medical treatment, health management, care
Town in Danzhou was put under the jurisdiction of and rehabilitation, and medical anti-aging. It aims
Yangpu. The planned area for the Yangpu Economic to combine international and domestic high-
Development Zone is 120km2 with a population of
100,000. The Yangpu Economic Development Zone 82 China (Hainan) Pilot Free Trade Zone, https://
is to develop into “one port and three bases”, i.e., baijiahao.baidu.com/s?id=1759390366094806357&wfr
=spider&for=pc
168
institutional system will be established and will integrated pulp-paper production base and an oil
focus on the liberalization and facilitation of trade and gas reserve base oriented to southeast Asia”.
and investments. The overall business environment Yangpu’s industrial development strategy is to seize
will be brought to the first-class level in China, the the strategic opportunities of the Maritime Silk
number of market entities will be substantially Road and Free Trade Zone and focus on building
increased, industrial competitiveness will be two platforms, i.e., an export processing base
significantly improved, powerful and effective risk for petrochemical products and an international
prevention and control mechanisms will be in place, energy trading center oriented to southeast Asia.
laws and regulations will be gradually perfected to
adapt to the construction of a free trade port, and In the 27 years of development and construction
the quality and efficiency of economic development for the Yangpu Economic Development Zone, a
will be markedly enhanced. number of key projects with advanced technology,
high-added value, and high environmental
- By 2035, the free trade port system and protection levels have been completed. It has
operation mode will be more mature. Trade become a leader in Hainan’s industrial development
and investment rules characterized by freedom, and the growth of foreign trade. 20 domestic and
fairness, rule of law and high-level process foreign trade routes have been opened. The zone
supervision will be established to realize free and has preliminarily established a route framework
convenient trade, free and convenient investments, with Yangpu Port serving as the international transit
free and convenient cross-border flow of capital, port. Domestic trade routes connect domestic
free and convenient access for people and free and coastal ports in regions such as the Beibu Gulf,
convenient transportation, as well as secure and Yangtze River Delta, North China, and Northeast
orderly flow of data. The business environment Pearl River Delta. Foreign trade routes connect
will be optimized, laws and regulations will be to southeast Asian countries and regions such as
improved, risk prevention and control systems will Vietnam, Singapore, Malaysia and Myanmar.
be more rigorous, and modern social governance
will be enhanced, with Hainan becoming a new In 2022, the GDP of Yangpu Economic
highlight of China’s open economy. Development Zone reached RMB846.1 billion, with
a growth rate of 50.5%, accounting for nearly half
Hainan Yangpu Economic Development of the province82. Focusing on the four leading
Zone industries, Yangpu continues to optimize its
industrial layout, promote industrial integration,
The Yangpu Economic Development Zone is a development, transformation and upgrading, and
state-level development zone established under a strive to create a new growth pole for high-quality
bonded area policy approved by the State Council in economic development in Hainan.
1992. The zone is located on the Yangpu Peninsula
in northwestern Hainan, with an area of 31km2. In Bo’ao Lecheng International Medical
2007, the State Council approved the establishment Tourism Pilot Zone
of the Yangpu Bonded Port with an area of 9.2
km2. In July 2012, upon the approval of the State Bo’ao Lecheng International Medical Tourism
Council, the location of adjoining development Pilot Zone was established under the approval of
zone parcels was adjusted. In October 2013, the State Council on 28 February 2013. The zone
upon the approval of the Hainan Provincial Party pilots the development of international medical
Committee and the Hainan Provincial People’s tourism related industries such as chartered
Government, the organizational system of Sandu medical treatment, health management, care
Town in Danzhou was put under the jurisdiction of and rehabilitation, and medical anti-aging. It aims
Yangpu. The planned area for the Yangpu Economic to combine international and domestic high-
Development Zone is 120km2 with a population of
100,000. The Yangpu Economic Development Zone 82 China (Hainan) Pilot Free Trade Zone, https://
is to develop into “one port and three bases”, i.e., baijiahao.baidu.com/s?id=1759390366094806357&wfr
=spider&for=pc
168
