HAIKOU, China, Jan 22 (Bernama-AsiaNet) — On January 17, the representative of the People’s Government of Hainan Province revealed at the second press conference held at the Third Session of the Sixth National People’s Congress of Hainan Province that the People’s Government of Hainan Province had been actively promoting the construction of the free trade zone and free trade port in 2019. The province’s economic society showed steady progress, better structure, stronger momentum, improved benefits and more sustainable high-quality development.
The Hainan Provincial Development and Reform Commission introduced that Hainan’s main indicators in 2019 saw steady growth. In 2019, Hainan’s export-oriented economic development and transformation achieved positive results, bringing a lot of highlights and vitality to the development of foreign investment, foreign trade and other fields. In addition to Hong Kong, Singapore and the United States, foreign direct investment in Hainan Province from Germany, Canada and other developed regions in Europe and the United States also achieved breakthroughs. At the same time, Hainan further strengthened its trade with the countries along the Belt and Road, promoted the “Windows to Global Trade” project, and optimized its trade structure around the purpose of building an international tourism consumption center, making the import of duty-free products a new highlight in the development of foreign trade.