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Yangpu Economic Development Zone in Danzhou, a city in the northwestern part of Hainan, is a pioneer and demonstration area for the Hainan FTP. He currently serves as the chief planner for the Yangpu Economic Development Zone management committee. Lin, 42, is an overseas Chinese with Singaporean citizenship. 3 (Xinhua) - When Lin Guangming came to south China's Hainan Province in late 2020, he was fascinated by the rich opportunities offered by the fledgling Hainan Free Trade Port (FTP).
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*Hainan will finish building all the necessary infrastructure for independent customs operations by 2023 and will realize independent customs operations throughout the whole island by the end of 2025. Since then, a slew of favorable policies have been issued to support the development of the Hainan FTP, including zero tariffs and easing market and foreign investment access. * In 2020, China released a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century. * The island province of Hainan was once a backwater of fisherfolk and poor farmers, but now, it is a vivid example of China's high-level opening-up.
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