Continuous inflow of foreign capital; domestic tourists enjoying shopping sprees at duty-free centers; companies purchasing equipment from overseas at "zero tariffs" for production purposes. These developments and many others illustrate that the Hainan Free Trade Port is playing a crucial role in opening-up and facilitating the country's dual-circulation economy, experts said.
On April 13, 2018, the 30th anniversary of Hainan becoming a province, the central government decided to turn the island into China's 12th free trade zone.
On June 1, a master plan was released to build the tropical isle into a globally influential free trade port by the middle of the century.
