As the construction of the free trade port continues to advance, policy dividends have been released, injecting impetus into Hainan's economic development.Hainan's gross regional product grew 11.2 percent year-on-year in 2021, according to information released at the ongoing Hainan two sessions.For a long time, Hainan's economic aggregate has been among the lowest in China, and its economic growth has also been lower than the national average.With the release of free trade port policy dividends, Hainan has steadily built a modern industrial system and basically got rid of the "dilemma" of relying on real estate for a long time. The economic growth momentum is strong, and the main economic indicators are at the forefront of the country.
Up to now, Hainan has formulated and introduced 15 supporting laws and regulations for the free trade port, and implemented more than 150 free trade port policies, with many policies being the first of their kind."The construction of Hainan Free Trade port is gaining momentum. From 'wake-up' to 'warm-up', the next step will be a fast run mode.""Said Chen Rumao, a deputy to Hainan's National People's Congress and party chief of Changjiang Li Autonomous County.
Duty-free shops in Haikou are crowded with people as the Lunar New Year approaches.Major brand counters launched the main products of the Year of the Tiger, covering cosmetics, clothing, bags, watches, wine and other categories, attracting many tourists to come to buy.
As an important policy for the construction of free trade port, duty-free shopping has become the golden sign of tourism consumption in Hainan, driving the strong release of consumption potential in Hainan.In 2021, the total sales of duty-free shops on Hainan's outlying islands reached 60.17 billion yuan, up 84 percent, and will strive to exceed 100 billion yuan this year.
The first China International Consumer Goods Expo was an instant hit, with the degree of internationalization, value of exhibits per unit area and number of first exhibitions exceeding expectations, becoming the largest consumer goods exhibition in the Asia-Pacific region.From "gathering the world" and "buying the world" to "visiting the world" and "selling the world" without leaving home, Hainan has become increasingly clear to build a convergence point of domestic and international double cycles.
This is a footnote to the rapid development of Hainan's export-oriented economy.Since 2021, the free and convenient flow of investment, trade and capital in Hainan has been significantly improved, the functions of the free trade port have been further strengthened, and the landmark economic characteristics of the free trade port have gradually emerged.
In 2021, the actual utilization of foreign capital in Hainan increased by 16.2% on the basis of doubling for three consecutive years, and the number of newly established foreign-funded enterprises increased by 92.6%.The total volume of imports and exports of goods increased by 57.7% year on year, and the externality of the provincial economy increased by 7.1 percentage points.On the financial front, pilot policies such as qualified Foreign Limited Partner (QFLP) and Qualified Domestic Limited Partner (QDLP) were implemented, successfully opening new channels for cross-border two-way investment of capital.
The new economy and new forms of business have also injected vigorous impetus into the high-quality development of Hainan's economy.The effect of the "Yangpu Port of China" ship registration policy continued to be released, and the added value of the water transportation industry increased by 77% year on year, contributing 1.2 percentage points to the GDP growth.New strides were made in the development of the three emerging industries of land, sea and air. The headquarters of China Seed Group was established. The "Striver" made 21 deep dives of 10,000 meters.
At the beginning of the New Year, the first batch of construction projects for the 2022 Hainan Free Trade Port has been intensively started, with a total of 142 projects with a total investment of 37.3 billion yuan.A number of major scientific research industry projects were launched, which became a highlight of this intensive construction activity.In Sanya Yachzhou Bay Science and Technology City, Zhejiang University (Hainan) advanced Technology and industrial innovation platform, with a total investment of 901 million yuan, will build Marine intelligent mechanical and electrical equipment technology center, Marine information detection technology center and other facilities, which is an important achievement of Hainan's development strategy to build a strong province of science and technology and high-end manufacturing.
"Last year, Hainan's economic growth was first high and then low, but it showed an upward trend in the fourth quarter, which shows the resilience and vitality of Hainan's economy."A senior official with the Hainan provincial government said.Hainan's GDP growth target is set at around 9 percent in 2022.
Today, Hainan's economy, which has gained momentum over the years and enhanced the effect of the free trade port policy, is showing increasingly broad prospects for development.
