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Hainan FTP raw materials ‘zero tariff’ policy saves ￥1.2 bn in taxes

The Hainan Free Trade Port (FTP) raw and auxiliary materials ‘zero tariff’ policy, which was implemented in Dec., 2020, has been in force for four years. According to Haikou Customs, as of this November, raw and auxiliary materials worth a total of 8.574 billion yuan ($1.17 billion) were imported under the policy, saving companies 1.171 billion yuan ($0.16 billion) in taxes.

75 new species discovered in Hainan rainforest park

The Hainan Tropical Rainforest National Park, a global biodiversity hot spot, covers a total area of 4,269 square kilometers, about one eighth the total land area of Hainan Island. In the three years since the park was established, a total of 75 n...

S China's Hainan receives over 1 million inbound tourists in 2024

Data released by the Hainan provincial tourism and culture authority showed that the island province's inbound tourists in 2024 surpassed the 1-million milestone on Dec. 25, a new high over the past five years.

Added values of China's culture, tourism industries secure larger shares of GDP

The added values of China's culture and tourism industries accounted for bigger shares of gross domestic product (GDP) in 2023, the National Bureau of Statistics said on Monday, citing the results of the fifth national economic census.

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Hainan FTP key channel of economic growth

The Hainan Free Trade Port plays a vital role in China's high-level opening-up strategy.

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