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China Focus: China releases master plan for Hainan free trade port


BEIJING, June 1 (Xinhua) -- Chinese authorities on Monday released a master plan for the Hainan free trade port, aiming to build the southern island province into a globally-influential high-level free trade port by the middle of the century.


A free trade port system focusing on trade and investment liberalization and facilitation will be "basically established" in Hainan by 2025 and become "more mature" by 2035, according to the plan jointly issued by the Central Committee of the Communist Party of China (CPC) and the State Council.

The authorities expect to make Hainan, China's largest special economic zone, the frontline of China's integration into the global economic system, according to the plan.


A STRATEGIC MOVE

Supporting Hainan's construction of a free trade port system with Chinese characteristics is a significant move designed, arranged and promoted by Xi Jinping, general secretary of the CPC Central Committee, said the document.


It has also been a strategic decision of the CPC Central Committee based on the domestic and international situations, it said, noting that the world is facing a new round of major development, changes and adjustment, with protectionism and unilateralism on the rise and economic globalization facing greater headwinds.


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