Hainan makes big strides as key gateway for opening-up
Hainan province is on track to achieve independent customs operations by the end of this year, marking a significant step toward establishing the Hainan Free Trade Port as a premier gateway for China's opening-up in the new era, according to Feng Fei, secretary of the Hainan Provincial Committee of the Communist Party of China. Feng also said that independent customs operations have the potential to enhance Hainan's alignment with international high-standard economic and trade regulations, accelerating the creation of an open institutional system with global competitiveness. The Hainan Free Trade Port, whose structure is recognized as delivering advanced openness, is also the world's largest in terms of area and population, boasting more than 10 million residents. Notable collaborations include sister port agreements between Yangpu Port and the United Arab Emirates' Abu Dhabi Ports, cooperation between Haikou Meilan International Airport and Singapore Changi Airport, joint efforts on a green low-carbon international demonstration project by Hainan Holdings and Singapore's CapitaLand Investment, and the establishment of the China-Europe Green and Digital Innovation Zone in Hainan.
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