In just three days, Hainan Free Trade Port will flip the switch on its island-wide special customs operations, marking a major leap toward becoming a global trade hub. All prep is now complete, and on December 18, the new system starts, showcasing the Chinese mainland's commitment to high-standard opening-up. 🌴
Why it matters:
- ⚡ Faster customs clearance across the island
- 🛳️ Smoother import-export flows
- 📦 Streamlined e-commerce and cross-border services
- 💼 An even more investor-friendly environment
Xia Le, Chief Economist for Asia at BBVA Research, says this institutional milestone will turbocharge Hainan's transformation. "By integrating special customs zones across the whole island, Hainan is set to attract global brands and investors with unparalleled efficiency," Xia explains. "It's a blueprint for high-level opening-up on the Chinese mainland."
As the countdown to December 18 ticks away, keep your eyes peeled: Hainan's tropical trade experiment is about to level up, redefining how goods, services and ideas flow on a global stage. ⚓
Reference(s):
Key institutional breakthroughs propel Hainan's high-level opening-up
cgtn.com
