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Hainan aims to achieve more than 10% economic growth in 2021
The dynamics of Hainan s economic development turned out to be noticeably higher than the growth rate of China s GDP
HAIKOU, January 26. /TASS/. China s Hainan plans to increase its gross regional product by more than 10% this year, reported the Hainan Daily citing the acting governor of the province Feng Fei.
At the opening ceremony of the fourth session of Hainan s People s Congress of the sixth convocation, the head of the administration presented a report on the work of the government in 2020 and announced the targets for socio-economic development for the current year. Investment in fixed assets in 2021 should increase by about 10%. Moreover, urban and rural real disposable income per capita is expected to rise by 10% and 11%, respectively. Consumer price growth should not exceed 3%. The provincial authorities expect that in 2021 more than 150,000 new jobs will be created in the cities of the region, and the
2021-01-26 02:32:45 GMT2021-01-26 10:32:45(Beijing Time) Xinhua English
Preparations are in full swing for the first China International Consumer Products Expo set to be held in May in Haikou, capital of south China s Hainan Province.
It will be the first international expo in the tropical province since China released a master plan last June to build the whole of Hainan Island into a globally influential, high-level free trade port by the middle of the century.
According to the provincial bureau of international economic development, many overseas companies have already secured their spots in the 80,000-square-meter exhibition venue.
Kentaro Fujiwara, Shiseido China CEO, said the expo will create a global platform for international investors to display and trade consumer products.
Hainan fine-tuning FTP policies, says top official By MA ZHIPING in Haikou | China Daily | Updated: 2021-01-26 09:41 Share CLOSE Consumers gather at a duty-free store in Sanya, Hainan province, on Dec 30. [Photo by Sha Xiaofeng/For China Daily]
Hainan will focus on institutional innovation and fine-tune the free trade port policies during the 14th Five-Year Plan period (2021-25), while creating the necessary framework for Customs clearance on the island by the end of 2024, Feng Fei, acting governor of the province, said on Sunday.
In his government work report addressed to the Fourth Session of the Sixth People s Congress of Hainan Province that opened in Haikou, the provincial capital, Feng said the province will continue to perfect its social management information platform and improve the visa-free entry mechanisms in Hainan and establish a regular joint anti-smuggling mechanism with Guangdong province and the Guan
The Hainan free trade port aims to finalize preparations for customs clearance before the end of 2024, according to media reports on Sunday, citing the local government work report.