(Source: "China Economic Times" 2025-12-19)
The proportion of "zero-tariff" commodity tax items has jumped from 21% to 74%. If the processing value-added reaches 30%, it can be sold to the mainland without tariffs. People from 86 countries and regions can enter Hainan without a visa... On December 18, the Hainan Free w88 Port officially launched the island-wide customs seal operation. The flow of people, logistics, capital and data flow has become more free and convenient, attracting global attention.
Chi Fulin, president of the China (Hainan) Reform and Development Research Institute and president of the Hainan Free w88 Port Research Institute, pointed out in an interview with a reporter from the China Economic Times that the Hainan Free w88 Port has officially launched island-wide customs closure operations, demonstrating its determination to comprehensively deepen reform and opening up in the new era and fully reflecting its special status as a major national strategy.
Chi Fulin said that after the border closure, Hainan will implement a liberalization and facilitation policy system with the basic characteristics of "opening up the first line, controlling the second line, and freedom within the island", further relaxing w88 and investment access restrictions, and improving the level of w88 and investment liberalization and facilitation.
Customs closure operation of the world’s largest free w88 port
The construction of the Hainan Free w88 Port is a major decision made by the Party Central Committee to comprehensively deepen reform and opening up in the new era. Since the Central Committee of the Communist Party of China and the State Council issued the "Overall Plan for the Construction of Hainan Free w88 Port" in June 2020, relevant central and national departments, together with Hainan Province, have issued more than 200 policy documents.
Why does Hainan Free w88 Port attract global attention? In Chi Fulin’s view, Hainan Free w88 Port has unique geographical advantages. On the one hand, Hainan is backed by a very large domestic market, faces the forefront of ASEAN, and is located in the center of the RCEP region. On the other hand, Hainan is the strategic hub of the South China Sea.
From the perspective of transportation network, starting from Hainan, a 4-hour flight can cover 21 countries and regions in Asia, about 47% of the global population, and about 30% of the world's GDP. In 8 hours, it can cover 59 countries and regions, about 67% of the global population, and about 41% of the world's GDP. More than 94% and 60% of China's and ASEAN's foreign w88 respectively are realized by sea transportation, and 65% of China-ASEAN w88 is realized by sea transportation. The sea area under Hainan's jurisdiction accounts for 2/3 of the sea area claimed by my country to be under jurisdiction.
Cui Weijie, deputy director and researcher of the Institute of International w88 and Economic Cooperation of the Ministry of Commerce, said in an interview with a reporter from the China Economic Times that Hainan is the closest sea passage to the southwest and northwest of the mainland. It saves about 10 days on average compared to going to sea via the eastern region. It has the shortest voyage from China to Southeast Asia, Africa, Europe and Oceania.
Chi Fulin said that the Hainan Free w88 Port has a land area of 35,000 square kilometers, which is far larger than the area of Hong Kong, Singapore and Dubai. It is the free w88 port with the largest area and the most diverse industrial forms in the world. The Hainan Free w88 Port has officially launched island-wide customs clearance operations and will become a strategic hub connecting the Chinese market and the RCEP (Regional Comprehensive Economic Partnership Agreement) market with ASEAN as the main body, connecting China and ASEAN, the two most dynamic markets with growth potential.
Cui Weijie said that in the context of the current profound evolution of the international and domestic situation and the increase in uncertain and unpredictable factors, the island-wide customs closure operation of the Hainan Free w88 Port further demonstrates China's determination and will to unswervingly promote high-level opening up and lead the world in high-level opening up. It will set a new benchmark for my country to promote high-quality development with high-level opening up and share opportunities for common development with other countries in the world during the "15th Five-Year Plan" period. It will have a profound impact on China and the world.
Zhuang Rui, a professor at the w88 casino of Economics at the w88 casino, told a reporter from the China Economic Times that the Hainan Free w88 Port's official launch of the island-wide customs closure operation means that China has taken a new step in opening up to the outside world, especially independent opening up and unilateral opening up. It is also a new starting point for China's high-level opening up to the outside world.
Customs closure brings vast space to Hainan
“The customs closure operation of the Hainan Free w88 Port will bring broad development space and growth potential to Hainan. "Chi Fulin pointed out that for enterprises and investors, after the Hainan Free w88 Port is closed and operational, tax preferential policies such as "zero tariffs" will be stronger, and the scope of business entities enjoying preferential tax policies will be wider, the threshold will be lower, and the convenience will be higher. Domestic tourists and residents will also enjoy a better experience and better services. Moreover, it will vigorously boost tourism consumption in Hainan.
“After the closure of the customs, a series of policy and system dividends will directly benefit various domestic and foreign business entities, stimulate the vitality of business entities, and create broad development space.” Cui Weijie said that Chinese companies can use the Hainan Free w88 Port to more conveniently enter the international market and expand overseas business; overseas companies can also use Hainan as a bridgehead to enter the Chinese mainland market to achieve mutual benefit and win-win results.
Cui Weijie said that Hainan Free w88 Port should focus on the strategic positioning of "three districts and one center". While striving to achieve its own high-quality development, it can not only effectively radiate surrounding areas and serve the high-quality development of the country, but also serve neighboring countries and even global economic and w88 development through closer international economic and w88 cooperation, injecting new momentum into global economic and w88 development.
“The Hainan Free w88 Port’s island-wide customs clearance operation needs to give full play to the advantages of openness, better serve the global layout of domestic enterprises, and promote the integration of China and ASEAN industrial chains and supply chains. "Chi Fulin believes that it is necessary to gather global high-quality production factors, strengthen the functional docking with the ASEAN Free w88 Park, and significantly enhance the service, management, and allocation roles in the regional industrial chain supply chain.
Chi Fulin pointed out that in the future, on the one hand, we should give full play to the superimposed effect of the Hainan Free w88 Port's "zero tariff" policy and the RCEP's "zero tariff" policy to expand the space for w88 in goods between Hainan and other RCEP member states. On the other hand, taking the Hainan Free w88 Port’s steady expansion of institutional opening as an opportunity, it will pay more attention to the connection and mutual recognition of market rules and service systems with other RCEP member countries, promote the free and convenient flow of commodity customs clearance and cross-border factors, and promote the comprehensive integration of tourism, health care, finance, insurance, culture and entertainment, shipping logistics, duty-free shopping, high-tech and other commodity and service markets.
The island-wide customs closure operation is not a simple policy and system adjustment
The island-wide customs closure operation is a landmark measure in the construction of Hainan Free w88 Port. Its core is "opening up the 'first line', controlling the 'second line', and freeing the island."
“After the customs closure, Hainan’s connections with the world will be more convenient, and the level of openness will rise significantly.” Cui Weijie said that the island-wide customs closure operation of the Hainan Free w88 Port is not a simple policy and system adjustment, but a systematic and institutional comprehensive upgrade.
Cui Weijie pointed out that the island-wide customs sealing operation of the Hainan Free w88 Port will bring about four major changes. First, the "zero tariff" level has been significantly improved. Second, the tariff-free policy for value-added processing is further optimized. Third, the investment environment is more complete. Fourth, it is more convenient to enter and exit Hainan.
Zhuang Rui said that for Hainan itself, before the customs closure, the pilot exploration was mainly based on the "Hainan Free w88 Port Construction Master Plan", and the opening up was relatively small; after the customs closure, "the 'front line' is liberalized and the island is free", and the opening up of the entire island of Hainan is greater, wider in scope, and wider in scope. For the whole country, before the customs closure, the Hainan Free w88 Port had the same status as the other 21 free w88 pilot zones, and there was no "second-tier control" problem; after the customs closure, the tariff levels on the entire island of Hainan will be different from other regions in the country, requiring "'second-tier' control."
Zhuang Rui also said that we look forward to seeing a more open, innovative and dynamic Hainan after the border closure. Open innovation means expecting Hainan to make good use of the advantages of "front-line liberalization" and be a "pathfinder" for the country to promote a higher level of opening up to the outside world. Vitality means expecting Hainan's customs closure operations to be known to the world, attract high-quality foreign investment into China, and also drive various parts of the country to increase the intensity and level of opening up.
Original link:https://mp.weixin.qq.com/s/QfXSx5Bjd1lvFhTSmJYmBw
