On Oct 16, 2018, China unveiled a detailed plan to establish the country's southern province Hainan as a free trade zone (FTZ), in its latest move to open up the economy.
A delegation from Hainan arrived in Shanghai on May 8 for a series of forums, exhibitions and performances at the first session of the Exposition on China Indigenous Brand (ECIB) and the International Forum on China Brand Development (IFCBD).
The prosperity degree of Hainan province is probably to exceed world-recognized free trade port examples of Singapore, Dubai and Hong Kong, according to a report released by the Latin American News Agency on May 3.
Thanks to reform and opening-up, Hainan seems set to become a prosperous province with a livable ecology, and to develop an international pilot free trade zone (FTZ) by 2020 and a free port with Chinese characteristics by 2025.