Page 174 - 2025 Special Report

Fig 10. Measures implemented to stimulate tourism consumption in Hainan

Source: Department of Tourism, Culture, Radio, Television and Sports of Hainan Province

investment, free and convenient cross-border The Outline of the 14th Five-Year Plan
flow of capital, free and convenient access for (2021-2025) for Hainan Economic and Social
people and free and convenient transportation, Development and the Long-Range Objec-
as well as secure and orderly flow of data. The tives Through the Year 2035 83
business environment will be more optimized,
the system of laws and regulations will be On 13 March 2021, the Outline of the 14th Five-
sounder, the risk prevention and control system Year Plan (2021-2025) for Hainan Economic and
will be more rigorous and a pattern of modern Social Development and the Long-Range Objectives
social governance will be basically formed, with Through the Year 2035 was released. It sets main
Hainan becoming a new highland of China’s targets and specific plans for the economic and
open economy. social development of Hainan. Specifically:

• By the middle of the century, a high-level Economic targets:
free trade port with strong international influence
will have been fully built. • An average annual growth of GDP over
10% and GDP reaches RMB1,000 billion by 2025
Institutional design:
• An average annual growth of the value-
• The main content can be summarized added of digital economy 30%
as “6+1+4”. The “6” represents freedom and
convenience of trade, investment, cross-border • The value-added of tourism accounts for
flow of capital, access for talent, transportation and 12% of GDP
secure and orderly flow of data. The “1” represents
constructing a modern industrial system. Special • The value-added of modern service
emphasis should be placed on the strengths accounts for 35% of GDP
and characteristics of Hainan when vigorously
developing the tourism, modern service and high- • The value-added of high-tech accounts for
tech industries. The “4” represents strengthening 15% of GDP
institutional building in terms of tax systems,
social governance, rule of law and risk prevention • The actual utilization of foreign investment
and control systems. increases to US$5 billion by 2025
83 Government site of Hainan, https://www.hainan.
gov.cn/hainan/qjcqhghqw/202104/3ecc6cf2792d4cf19
0bc0b6258cafa58.shtml
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