New FTZ Area Set up for Hainan
Update time：2018-6-4 10:53:44 source：Tannet Views：650
Hainan, China's southernmost province, has established a new benchmark area to promote development of the China (Hainan) Pilot Free Trade Zone.
The new area－the Haikou Jiangdong New District of China (Hainan) Pilot Free Trade Zone－covers 298 square kilometers on the east coast of Haikou, the provincial capital. It will have two parts: a 106-sq-km ecological region boasting a key national wetland natural reserve, and 192 sq km that will serve both industrial and urban purposes.
On April 13, while celebrating the 30th anniversary of Hainan being made a province and a special economic zone, President Xi Jinping unveiled grand plans to build it into a pilot free trade zone and gradually explore the building of a free trade port with Chinese characteristics.
Located in the core of the northern Hainan comprehensive economic integration circle that links the cities of Haikou, Chengmai and Wenchang－which has China's only tropical and coastal space launch center－the Jiangdong New District has a robust ecology with rivers, lakes and wetlands. It also enjoys the convenience of Meilan International Airport and sufficient land resources to support integrated, high-level planning and development.
According to the provincial plan, the new district will become functional in three years and basically formed in seven years. It will be an open, inclusive, world-class new city built in line with world vision, international standards and featuring Hainan characteristics.
Haikou Mayor Ding Hui said Hainan was officially launching the conceptual planning for the new district by calling for expressions of interest. He said outstanding planning and designing institutions could hand in applications by June 22, after which their qualifications would be examined.
Hainan has recently issued a large number of measures, such as investment promotion and talent invitation campaigns, aimed at building the China (Hainan) Pilot Free Trade Zone and free trade port with Chinese characteristics and exploring a new, open economic system. (Source: China Daily)