Skip to main content

China to attract multinationals’ regional headquarters to Hainan

Abstract : China's commerce ministry on Thursday said it would guide the regional headquarters of multinationals to gather on the southern island province of Hainan to push the construction of the Hainan free trade port (FTP).

Aerial photo taken on May 4, 2021 shows the city view of Haikou, the capital of south China’s Hainan Province. (Xinhua/Zhang Liyun)

BEIJING, May 27 (Xinhua) — China’s commerce ministry on Thursday said it would guide the regional headquarters of multinationals to gather on the southern island province of Hainan to push the construction of the Hainan free trade port (FTP).

“Existing opening-up measures on fostering investment will be well implemented. Regional headquarters of multinational companies will also be guided to the Hainan FTP,” Gao Feng, a spokesperson with the Ministry of Commerce, told a press conference.

Notable progress has been made since the country released a master plan last June to build the island into a globally influential and high-level free trade port by the middle of the century.

According to Gao, China has rolled out 28 policies and measures to liberalize and facilitate trade in goods and services at the Hainan FTP. It has also unveiled 22 special measures to widen market access in sectors, including finance, culture, and medical care.

Earlier this month, Hainan held the first China International Consumer Products Expo. It was the first-ever expo by China to focus on quality consumer goods at the national level, with 2,628 brands of 1,505 enterprises from home and abroad participating in the exhibitions.

Looking ahead, Chinese authorities will further optimize the regulatory policy environment for imports and exports of goods in specific regions of the Hainan FTP and formulate a negative list for cross-border trade in services in Hainan, Gao said. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to attract multinationals’ regional headquarters to Hainan

Labels:

Comments

Post a Comment

Popular posts from this blog

Singapore’s manufacturing output declines 0.9 pct on year in October

Abstract : Singapore Economic Development Board announced on Thursday that the country's manufacturing output decreased 0.9 percent year on year in October, compared to a revised 25.6 percent rise in September. SINGAPORE, Nov. 26 (Xinhua) — Singapore Economic Development Board announced on Thursday that the country’s manufacturing output decreased 0.9 percent year on year in October, compared to a revised 25.6 percent rise in September. Excluding biomedical manufacturing, the output fell 2.7 percent in October from a year ago. On a seasonally adjusted month-on-month basis, Singapore’s manufacturing output decreased 19 percent in October. Excluding biomedical manufacturing, the output fell 2.9 percent. As for the performance of different clusters, the electronics cluster’s output fell 0.6 percent year on year in October, compared to a revised 33.1 percent increase in September. The biomedical manufacturing cluster saw its output grow 10.2 percent in October, compared to a revi...
Post a Comment
Read more

China’s Xiamen posts 1,000 China-Europe freight train trips

Abstract : Xiamen, a coastal city in east China's Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. The X8098 train leaves Haicang station in Xiamen of east China’s Fujian Province for Hamburg, Germany, bringing the number of train trips of China-Europe freight train service to 1,000 on June 2, 2021. (Xinhua/Lin Shanchuan) XIAMEN, June 2 (Xinhua) — Xiamen, a coastal city in east China’s Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. With 50 carriages loaded with daily necessities, auto parts and other goods, the X8098 train left the Haicang station of Xiamen for Germany Wednesday morning, bringing the number of train trips of such service to 1,000. Launched in August 2015, Xiamen’s rail cargo service to Europe and Central Asia has so far transported nearly 80,000 TEUs of goods worth more than 3 billion U.S. dollars, which...
Post a Comment
Read more

Chinese medicinal material price index up 0.02 pct

Abstract : The Kangmei Chinese medicinal material price index, a barometer of the traditional Chinese medicine (TCM) material market, rose 0.02 percent to 1,386.96 points Tuesday. HEFEI, March 30 (Xinhua) — The Kangmei Chinese medicinal material price index , a barometer of the traditional Chinese medicine (TCM) material market, rose 0.02 percent to 1,386.96 points Tuesday. Covering more than 500 TCM materials including herbs and minerals from six major markets nationwide, the closely-watched index reflects the overall price trend in the country’s TCM material market. It is released daily by Kangmei Pharmaceutical Co., Ltd, one of China’s major TCM companies. The index was approved by the National Development and Reform Commission of China in 2012 to offer more timely and accurate reference for TCM material growers, traders and pharmaceutical companies. Traditional Chinese medicines, often given as oral liquid, granule and pills, typically use the combination of a number of medici...
Post a Comment
Read more