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Xi Jinping on Hainan free trade port

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Xi Jinping on Hainan free trade port

Haikou-The first China International Consumer Goods Fair opened in Haikou on Thursday. This is the first international fair held in Xi Jinping on Hainan since China announced its overall plan to build the southern island province into a free trade port.

President Xi Jinping sent a congratulatory message to the Expo. He said that China is willing to give full play to the advantages brought by the Hainan Free Trade Port, comprehensively deepen reforms, and try out the highest level of opening-up policies.

Xi Jinping attaches great importance to the construction of Hainan Free Trade Port. The following are the main points of his speech:

Establish a free trade pilot zone on Hainan Island to provide support for Hainan to explore and gradually implement a free trade port policy and the necessary institutional framework. Major policy formulated by the Central Committee of the Communist Party of China. In-depth research, full consideration and reasonable planning, while taking into account the needs of domestic and foreign economic growth.

This is also an important measure that shows that China committed to expanding opening up and promoting economic globalization.

Free trade port is the most open country

The Hainan Free Trade Port should exhibit distinctive Chinese characteristics, conform to China’s national conditions, and conform to the direction of Hainan’s economic development.

It should learn from its international counterparts and learn from its advanced operating model and management experience.

China will invite investors from all over the world to invest in Hainan. Participate in the construction of a free trade port, and share the country’s development opportunities and reform results.

While establishing a free trade port, China must adhere to the leadership of the Communist Party of China and the socialist system with Chinese characteristics. However, comply with high-standard international economic and trade rules. Promote the smooth flow of production factors, and build Hainan into a high-quality, high-standard free trade port.

China will actively participate in multilateral cooperation in trade and investment. Fully impflement the “Foreign Investment Law” and its supporting regulations. Further reduce the negative list of foreign investment. However, continue to develop the Hainan Free Trade Port, and develop a new high-standard open economy system. Hainan should take decisive and active actions to lay a solid foundation for the establishment of a free trade port. The central government should support Hainan’s bold reforms and innovations to achieve new achievements in port construction.

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