China’s Hainan free-trade port plan enters ‘crucial year’ as Xi Jinping calls for ‘bigger’ economic opening

China’s Hainan free-trade port plan enters ‘crucial year’ as Xi Jinping calls for ‘bigger’ economic opening

South China Morning Post - China·2022-04-16 07:02

President Xi Jinping has said an independent customs regime must be in place in Hainan ‘as scheduled’ by 2025

A new investment guide for the island says 2022 is a ‘crucial year for Hainan free-trade port’ and its customs system

China is inching closer to implementing an independent customs system on Hainan by 2025, with President Xi Jinping saying during a trip to the island province this week the regime must be in place “as scheduled”.

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