China is on track to transform its southernmost province, Hainan, into the world's largest free-trade port by 2025. This ambitious plan aims to boost regional cooperation and significantly impact employment in the region.
The Hainan Free Trade Port has implemented a range of favorable policies and incentives designed to attract businesses and foster economic development. According to Lara Netherlands, Asia Pacific content strategist at The Moodie Davitt Report, discussions with CGTN in 2023 highlighted the positive effects of duty-free operations in Hainan.
Netherlands emphasized several key strategies that have contributed to employment opportunities in Hainan. These include visa-free agreements that facilitate easier access for international workers and entrepreneurs, the expansion of the offshore duty-free industry, the growth of medical tourism, and comprehensive rural revitalization initiatives.
These strategies not only drive economic growth but also create a conducive environment for business expansion, leading to increased job opportunities across various sectors. By fostering a dynamic and business-friendly atmosphere, the Hainan Free Trade Port is setting the stage for sustained employment growth and enhanced regional cooperation.
Reference(s):
cgtn.com
