-Hainan Free Trade Port provides broader market access for international firms, and more investment is heading there.
-The sales volume of the four offshore duty-free stores in Hainan exceeded 5.582 billion yuan, with a year-on-year growth of 221.9% from July 1 to August 31.
On June 1, 2020, China officially released the Overall Plan for the Construction of Hainan Free Trade Port , a master-plan to transform the entire island province into a free trade port (FTP) – establishing a leading business environment in China by 2025.
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