Hainan's Official Portal for Global Investors
Industrial investments also rose over the period. Their total volume for January-July increased by 12% in annual terms. Corresponding capital investment accounted for 49.8% of the province's total investment growth. Housing, restaurants and manufacturing increased 33.3% and 37.4% year on year respectively.
According to the bureau, basic infrastructure investment in January-July accounted for 26.6% of total investment in the province. The corresponding figure increased by 15.3%, and growth for July reached 13.7%.
Creating favorable conditions for investments is an important part of the province's free trade port program, which was published in June 2020. It includes turning the island into a special customs zone. The national government expects to complete the free port as a whole by 2025, by which time the island should have a system to ensure free trade and investment.
By 2035, the free port will fully develop. Hainan will have the freedom of trade and investment, cross-border movement of capital, travel, and freight transportation.
