🌴 Hainan is gearing up to be the next big gateway for the Chinese mainland’s high-standard opening up! On December 23, Chinese Foreign Ministry spokesperson Lin Jian told reporters that the Hainan Free Trade Port (FTP) is set to transform its role in global trade.
Lin’s comments came during a routine press briefing when asked about the newly launched island-wide special customs operations in Hainan. He highlighted that “Hainan has left a deep mark on the course of China’s reform and opening-up,” adding that in a world of economic uncertainties, the Chinese mainland is committed to fighting protectionism and championing an open world economy. 💪🌐
So, what’s on the table? Lin outlined some key moves:
- Removing manufacturing barriers on the negative list for foreign investment 🚀
- Granting zero-tariff treatment for 100 percent tariff lines to all least developed countries (LDCs) with diplomatic ties 🤝
Numbers speak volumes: from January to November 2025, the Chinese mainland welcomed over 60,000 new foreign-invested companies—a 17% jump from last year. Total trade in goods topped 41 trillion yuan (about $5.8 trillion), marking a 3.6% year-on-year increase. 📈
Looking ahead, Lin reaffirmed that opening up will remain a top priority in 2026. The Chinese mainland plans to open even wider, create fresh development opportunities, and power global common prosperity with new momentum. ✨
For news enthusiasts, investors, and curious travelers, Hainan’s evolution means exciting times: more market access, smoother customs, and a deeper dive into one of Asia’s fastest-growing gateways. Stay tuned to see how this island paradise shapes the future of global trade! 🌍✈️
Reference(s):
Hainan to become the gateway of China's high-standard opening up
cgtn.com
