Things you need to know about Hainan free trade port

Chen Jie Li Yi
Hainan Province's offshore duty-free policy celebrated its 12th anniversary on April 20. Meanwhile, the preparation of building China's newest free trade port is well underway.
Chen Jie Li Yi

Hainan Province's offshore duty-free policy celebrated its 12th anniversary on April 20.

Over the past 12 years, the policy has led to a cumulative shopping amount of 185 billion yuan (US$28.65 billion) and has become a powerful engine to promote tourism and high-end consumption within the country.

The work on building the island of Hainan into China's newest free trade port is well underway. By 2025, the tariff-free port will be a trade intermediary between the mainland and the world.

Things you need to know about Hainan free trade port
Li Yi / SHINE
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