Hainan, China's economic characteristics, international tourism island, sunshine, beaches, coconut trees, China's warmest and most beautiful place, why is economic development so slow?
Whether Hainan’s economy is hot depends on what economy is needed.
targets southern islands like Hainan with natural and beautiful resources. It is obviously unrealistic to develop the economy by relying on heavy industry and other industries. Factors such as inconvenient transportation, insufficient human resources, and insufficient land resources are restricted by factors. What's in Hainan? Good air, beautiful scenery, unique affiliated islands, pleasant climate suitable for crop growth, various unique and delicious fruits, etc. This all shows that agriculture and tourism are inevitable paths suitable for Hainan's development. The important reason why the economy still fails to develop is that neither of these aspects is done properly. The first thing to be solved is transportation, including the construction of channels in the Qiongzhou Strait to reduce the cost of crossing the sea. The second is to solve the problem of the soft power of tourism on the island, including the improvement of people's quality. We must never develop with the tourism thinking model of slaughtering people. Hainan tourism is very different from other tourist attractions. Many other scenic spots are just one-time, and you won’t want to go there again after swimming. Many of Hainan need repeat customers, and even tourist places where they can stay. I hope that Hainan’s leaders have better management capabilities and can build Hainan into China’s “Hawaii”.
There are several major reasons: First person has few land, there are many typhoons, and the west is relatively drought. In fact, there are many restrictions on agricultural development. Second, transportation is difficult. There are no highways in many places, no bridges or tunnels across the sea, and the planes to Sanya are too crowded and expensive during the peak season. Third, without Hainan TV , the tourism TV has limited the world and influence in Hainan, and its role in driving the cultural industry cannot be compared with Hunan TV Zhejiang TV. Fourth, the tourism industry is still mainly focused on the construction of tourism destinations, and this method is no longer very popular. Now they are mainly engaged in tourism customer base services. For example, Chimelong has built many theme parks next to the Pearl River Delta customer base, and Chimelong's revenue exceeds the entire Hainan tourism revenue. Hainan has not turned a blind eye. The tourism market for people who have been in winter is not developed enough. The surrounding tour level services must be improved from Hainan. 12 comments
Hainan Island is China's largest "tropical treasure land". The total land area is 3.442 million hectares , accounting for about 42.5% of the country's tropical land area. The land that can be used for agriculture, forestry, animal husbandry and fishing per capita is about 0.48 hectares. Due to the superior conditions of light, heat, water, and other conditions, the growth and reproduction rate of biological growth and reproduction is better than that of temperate and subtropical areas. Farmland can be planted all year round, and many crops can be harvested 2 to 3 times a year. According to suitability, Hainan Island's land resources can be divided into 7 types: suitable for agricultural land, rubber land, hot land, suitable for forest land, suitable for pasture land, water surface land and other land. Hainan Island has developed and utilized about 3.152 million hectares of land, and about 260,000 hectares of untapped land, of which about 90% can be used for large-scale agricultural development and utilization. Hainan has rich land reserve resources and great development potential.
Hainan Development Bank was established in August 1995. It is the only joint-stock commercial bank in Hainan Province with independent legal person status. Its head office is located in Haikou City, Hainan Province and has a small number of branches in other provinces and cities. On June 21, 1998, the People's Bank of China issued an announcement to close it.
It had already laid hidden dangers when Hainan Development Bank was established. One of the original intentions of establishing Hainan Development Bank is to save some problematic financial institutions. In 1993, many trust and investment companies in Hainan suffered operating difficulties due to a large amount of funds being suppressed on real estate. Against this background, Hainan Province decided to establish Hainan Development Bank and merge five trust investment companies with existing problems into Hainan Development Bank. According to statistics, the total amount of bad debt losses of these five institutions at the time of the merger has reached 2.6 billion yuan. The relevant departments believe that the economies of scale and regulatory management of the company after the merger can improve their operations and increase their credibility, thereby getting rid of the predicament. At the end of 1997, following the same idea, the relevant departments merged 28 problematic credit unions in Hainan Province into Hainan Development Bank, further increasing the proportion of their non-performing assets.2. The banking system is chaotic. Hainanese once proudly said that Haikou Bank has the largest density in the country, and the number of banks is higher than that of rice shops. But because of this, Hainan's banks have embarked on the path of vicious competition. Before Haiyi merged and merged with custodial city credit unions, all credit unions adopted the method of attracting deposits by attracting deposits without exception, with annual interest rates as high as 25%. This also directly caused the credit unions in most cities to have high inflows and low outflows, and food storage is not reduced. They can only pay the due deposits based on new high-interest deposits, and then inhaling high-interest deposits, which has entered a vicious cycle that seriously violates business laws. As a result, insolvency, insolvency in debt, inability to repay due deposits has become a common problem in credit unions and seriously affects social stability. This is also the most direct reason why the People's Bank of China decided to merge with Haiyi Issuance and Custody Credit Union. 3. Hainan Development Bank, which was established after the business model is not standardized, did not operate in accordance with the standardized commercial banking mechanism, but instead carried out large-scale illegal and irregular operations. The most serious of these is the issuance of large amounts of loans without legal guarantees to shareholders. Shareholder loans actually become an important means for shareholders to withdraw capital . Relevant information shows that the 1.677 billion yuan of capital of Hainan Development Bank when it was established was flowing back to shareholders in the name of shareholder loans at the beginning of CCB, and even during the construction stage. Hainan Development Bank was established on December 8, 1994 with the approval of the People's Bank of China and officially opened on August 18, 1995. However, between May and September 1995 alone, 1.06 billion yuan of loans were issued, of which 920 million yuan of shareholder loans were issued, accounting for 86.71% of the total loan amount. Most shareholder loans are loans without legal guarantees; many loans are not used at all, and are actually used to return temporary loan funds used for human shares; many shareholder loans occur within one month after their capital is received, and the investing unit actually "just brought it, and took it away; how much you take it away, how much you take it away." This irresponsible behavior obviously cannot lead Hainan Development Bank on the road of healthy development. 4. After the merger and merger of credit unions was issued by the sea, one of the things was to announce that it would only guarantee that the principal and legal interest of the original credit union depositors should be paid. Therefore, many depositors who can charge more than 20% of interest in the original credit union can only charge 7% of interest after the merger. After the Spring Festival in 1998, the situation began to take a sharp turn for the worse. Many customers with due time deposits began to withdraw their principal and interest and transfer them to other banks, and said that because of the interest rate decreased, they no longer trust Hai Issuance. Subsequently, the unexpired depositors also began to withdraw their deposits in advance, and there were a variety of urban legends at the same time. Haidao’s various business outlets began to queue up to withdraw money, and a large-scale run occurred. Later, Haiyi stipulated the number of withdrawals per week and the limit for each withdrawal, and gave priority to ensuring the redemption of individual depositors. However, due to the serious problem of squeezing deposit withdrawals, the number of times and limit regulations have changed again and again, which has made depositors able to withdraw less and less money each time, and the number of times they can withdraw money per month has also become less and less, which has aggravated the dissatisfaction of individual depositors, and corporate depositors almost find it difficult to issue funds from overseas. At this time, other businesses of Haiyi are basically unable to proceed normally, and dealing with depositors squeezed and withdrawn deposits has almost become all activities of Haiyi during this period. At the same time, due to the bursting of the real estate bubble, it is difficult to recover many loans in Haiyi's accounts. The restriction of withdrawals and amounts has caused panic among depositors, and negative information has spread rapidly. The pressure on public opinion has increased sharply. Haiyi's decision has become the "last straw that overwhelms the camel." In order to reduce the runs of depositors and attract deposits, some business departments have issued a deposit interest rate of 18%, but at this time no one is willing to deposit the deposits into the sea for issuance. Seeing that it was impossible to alleviate the difficulties on Hainan Island, Haifax wanted to help recover with the power outside the island, and set up a branch in Shenzhen in May 1998, but it did not play a significant role. In order to control the situation and resolve financial risks, the State Council and the People's Bank of China made a quick decision and announced the closure of Hainan Development Bank on June 21, 1998.
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