Shen Danyang, member of the Standing Committee of the Hainan Provincial Party Committee and Executive Vice Governor, said that the Hainan Provincial Party Committee and Government are speeding up the study of policies and measures to accelerate the construction of the free trade

2025/08/1122:04:35 hotcomm 1681
Shen Danyang, member of the Standing Committee of the Hainan Provincial Party Committee and Executive Vice Governor, said that the Hainan Provincial Party Committee and Government are speeding up the study of policies and measures to accelerate the construction of the free trade  - DayDayNews

China.com, October 20 (Reporter Zhao Xiaowen) The 20th National Congress of the Communist Party of China opened in Beijing on October 16. On October 19, the Twenty News Centers held the third group interview.

The report of the 20th National Congress of the Communist Party of China proposed to "accelerate the construction of Hainan Free Trade Port ". Shen Danyang, member of the Standing Committee of the Hainan Provincial Party Committee and Executive Vice Governor, said that the Hainan Provincial Party Committee and Government are speeding up the study of policies and measures to accelerate the construction of the free trade port. On the one hand, we strive to launch the operation of Hainan's closure of the on the island by the end of 2025, and fully implement the management system of "letting open the front line and controlling the second line" on the entire island of Hainan; on the other hand, we must continue to focus on trade and investment liberalization and facilitation, strengthen institutional integration and innovation, and promote the comprehensive deepening of the reform and opening up of to make new progress and achieve new results.

On June 1, 2020, the construction of Hainan Free Trade Port started. In April this year, General Secretary Xi Jinping visited Hainan for inspection and affirmed the achievements of the construction of free trade port with "significant progress".

Shen Danyang introduced that at present, the policy system of the free trade port has been initially established, and more than 180 refined policy measures such as " zero tariff " list and "two 15%" income tax have been implemented. In the past three years, Hainan's foreign investment utilization and foreign trade have increased significantly. The use of foreign investment has increased by an average of 80% per year in the past three years, and the foreign trade has increased by an average of 50%. outward-oriented economy has been at the forefront of the country in many indicators. In the past five years, Hainan's new market entities have exceeded the total in the previous 30 years. Among them, 1 million new market entities were added last year and the two years ago. The growth rate of market entities is the fastest growing in the country, and has remained the first in the country for 31 consecutive months.

In addition, the modern industrial system of the free trade port has accelerated its formation. Hainan has identified tourism, modern service industry, , high-tech industry, and tropical characteristic high-efficiency agriculture as the four leading industries. The added value of these four leading industries has accounted for more than 80% of Hainan's economic growth.

Shen Danyang said that Hainan's economic growth and the progress of the Free Trade Port have such great changes and speed. The important reason is that Hainan's business environment has undergone very big changes, the government's service efficiency has been significantly improved, the supply of factors has been significantly accelerated, and the legal guarantee capacity has been stronger. Among them, institutional reforms such as "simple approval" and "one seal to manage approval" were adopted, and the online government affairs handling rate in the province exceeded 90%; new systems such as "machine management planning" and "land supermarkets" were created, effectively solving the problem of "projects and other land" and effectively stimulating market vitality.

China release

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