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Hainan, China’s tropical island, is booming as a free-trade hub with zero tariffs, boosted by strong ties with Hong Kong and surging tourism.
Hainan, China’s tropical island province, is advancing as a free-trade hub with zero tariffs on most imports and duty-free access for locally processed goods since its separate customs regime launched in December.
Officials highlight growing cooperation with Hong Kong, leveraging Hong Kong’s global finance and legal strengths alongside Hainan’s low taxes and offshore bond capabilities.
Inbound tourism surged 82% during the Spring Festival, and zero-tariff goods now make up 74% of items on the island.
The Hainan-Hong Kong Economic Cooperation Demonstration Zone is expanding, with mutual recognition of professional qualifications and deeper integration of supply chains.
Hong Kong investors benefit from preferential policies, and both regions aim to strengthen collaboration in trade, finance, tourism, and industry.
Hainan, la isla tropical de China, está en pleno auge como un centro de libre comercio con aranceles cero, impulsado por fuertes lazos con Hong Kong y el creciente turismo.