One year on: How the Law on Hainan FTP has promoted law-based development of the port

0 Comment(s)Print E-mail China.org.cn, June 2, 2022
Adjust font size:
An aerial photo taken on April 4, 2020 shows the Sanya international duty-free shopping complex in Sanya, south China's Hainan province. [Photo/Xinhua]

It has been a year since the Law on Hainan Free Trade Port (FTP) took effect on June 11, 2021.

Over the past year, the implementation of the law and the ensuing regulations has provided legal and institutional guarantees for the construction and development of the Hainan FTP, thus becoming an important engine for promoting high-quality economic development and high-level reform and opening up of the province.

The "Guiding Opinions of the CPC Central Committee and the State Council on Supporting Hainan to Comprehensively Deepen Reform and Opening Up," the "Overall Plan for the Construction of Hainan Free Trade Port," and the Law on Hainan FTP constitute the three institutional cornerstones for Hainan's development, Yang Jianhua, deputy head of the Commission for Political and Legal Affairs of the CPC Hainan Provincial Committee, emphasized in an interview with the media on April 28.

According to the law, Hainan is able to formulate regulations on the construction of the FTP in light of specific local circumstances and actual needs. Yang emphasized that to effectively implement the law, the right to formulate regulations should be made full use of, and the implementation of the law should be strengthened.

As part of the efforts to create a favorable legal environment for accelerating the construction of a free trade port with Chinese characteristics and global influence, Hainan would accelerate the implementation of the institutional arrangements on liberalization and facilitation of trade and investment, fiscal and taxation systems, and eco-environmental protection, among others clarified by the FTP law, he said.

Since the implementation of the Law on Hainan FTP, Hainan has successively issued supporting regulations on its business environment, fair competition, and combating fraud in consumption, among other areas, ensuring that major reforms and opening up are law-based.

Data shows that the quality of Hainan's economic development has improved significantly. In 2021, the province's GDP increased by 11.2% year on year, ranking second in the country, fixed asset investment rose by 10.2% year on year, and total retail sales of consumer goods grew by 26.5% year on year.

Cui Jian, deputy director of the Hainan provincial department of commerce, said at a press conference on May 17 that Hainan's actual use of foreign capital had achieved leapfrog growth. In 2021, the province's actual use of foreign capital reached 3.52 billion dollars, a year-on-year increase of 16.2%, while its trade volume in goods reached a record high of 147.68 billion yuan, up 57.7% year on year, and 36.1 percentage points higher than the national figure.

In addition, Cui also said that the pace of opening up in Hainan's consumer sector has accelerated. By the end of 2021, the number of duty-free shops opened in Hainan had increased from four to 10.  

Meanwhile, offshore duty-free sales in Hainan reached 60.2 billion yuan in 2021, up 84% year on year, and China's leading duty-free operator China Duty Free Group, which became the world's largest travel retailer in 2020, further consolidated its position in 2021.

Going forward, in line with the international high-standard economic and trade rules, Hainan's commerce department would further promote institutional opening-up through improved rules, regulations, management and standards to continuously enhance Hainan's level of trade and investment liberalization and facilitation as well as the breadth and depth of its opening up, Cui said.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:    
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: free哆拍拍免费永久视频| 久久精品国产亚洲av电影| 精品一区二区三区波多野结衣 | 韩国日本好看电影免费看| 国产精品乱码在线观看| 97人妻人人做人碰人人爽| 女人双腿搬开让男人桶| 一级特黄女**毛片| 新婚侵犯乐派影院| 久久国产色AV免费观看| 最近中文字幕mv免费视频| 亚洲国产精品综合久久网各| 法国性经典xxxxhd| 人人澡人人澡人人看添欧美| 粗大的内捧猛烈进出在线视频 | 被公侵犯电影bd在线播放| 国产妇女馒头高清泬20p多| 欧美成人三级一区二区在线观看| 国产精品区免费视频| 80s国产成年女人毛片| 在地铁车上弄到高c了| ffee性xxⅹ另类老妇hd| 嫩BBB槡BBBB槡BBBB| 三级理论中文字幕在线播放| 手机在线观看精品国产片| 久久久久性色AV毛片特级| 日韩国产欧美精品综合二区| 亚洲AV无码专区亚洲AV不卡| 欧美一级片在线观看| 亚洲人成无码网站久久99热国产| 欧美日韩精品一区二区三区四区 | 国精品无码一区二区三区在线 | 久久99国产精品久久| 日本二区在线观看| 久久国产精品99精品国产| 日韩一区精品视频一区二区| 久久青草免费91线频观看站街| 最近中文字幕完整版免费8| 亚洲av成人片在线观看| 杨幂精品国产专区91在线| 九九电影院理论片|