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Media: Hainan to increase the number of hi-tech enterprises to 1,100 in 2021 It is assumed that by 2035 both the economic and innovative potential of Hainan will be maximized, and it will become one of the most attractive places for international investors HAIKOU, February 3. /TASS/. This year the Hainan administration plans to apply a package of stimulus measures, thanks to which the number of high-tech companies on the island will exceed 1,100, the Nanguo Dushibao newspaper reported. According to the news outlet, with maximum active efforts, the number of enterprises specializing in the ...

Hainan expands tax benefits to another 143 areas of economic activity In the near future a number of companies will be able to significantly reduce costs by starting to pay consumption tax at a reduced rate of 15% HAIKOU, February 1. /TASS/. The Hainan authorities have extended tax benefits to another 143 areas of economic activity, reported the Hainan Daily. According to the newspaper, the new measures will affect 14 industries, including manufacturing, telecommunications and transport, construction companies and software manufacturers. They will affect the financial sector and commercial...

Hainan's Haikou presents plan for the city's economic development in 2021 By 2025, the Chinese government intends to create an "international center for tourism and consumption" on Hainan HAIKOU, January 28. /TASS/. The Haikou authorities presented development goals and objectives for 2021 as part of the implementation of the fourteenth five-year plan (2021-2025), announced the Mayor of Haikou Ding Hui.  "This year, Haikou should achieve double-digit GDP growth, it is necessary to promote the attraction of investment in fixed assets, the growth of retail sales of consumer goods, as well a...

At least 16 billion yuan (about $ 2.4 billion) will be invested in the development of industrial infrastructure

Hainan takes measures to protect intellectual property at the island's free trade port The new court will deal with civil, administrative and criminal cases for the protection of intellectual property rights in the Hainan province HAIKOU, January 18. /TASS/. The Hainan authorities have adopted a package of measures aimed at strengthening the protection of intellectual property rights in the island's free trade port, reported the China Daily. "We will enhance the protection of intellectual property in some key sectors of Hainan's free trade port, in particular, in the fields of crop product...