Chen Wenjun:

The question about the Hainan Free Trade Port goes to Mr. Han.

Han Wenxiu:

In 1980, China established the Shenzhen Special Economic Zone, among others. Since then, we have kept pushing forward opening up along the coastline and the Yangtze River, and in border and inland areas, including the establishment of the Hainan Free Trade Port in 2020. All of these efforts demonstrate that China is opening its door wider to the world. The construction of the Hainan Free Trade Port is a strategy that General Secretary Xi Jinping personally planned and made, and is a big event to open up new prospects for reform and opening up at a higher level. So far, the Master Plan for the Construction of Hainan Free Trade Port and the Hainan Free Trade Port Law have been published and implemented. In the first five months of this year, the actual utilized foreign capital in Hainan increased around fivefold and imports and exports of goods grew by 38.5%. Under the strong leadership of the CPC Central Committee, the construction of the Hainan Free Trade Port has gotten off to a flying start and the port is enjoying great popularity, becoming an appealing destination for investment and business. 

While building the free trade port, the key was to stick to the system of socialism with Chinese characteristics, align with high-standard international economic and trade rules, focus on trade and investment liberalization and facilitation, and prioritize institutional innovation, working to build the port into a model for global cooperation and opening up.

The CPC Central Committee set three major periods for the Hainan Free Trade Port in its long-term plan: First, by 2025, a free trade port system focusing on trade and investment liberalization and facilitation will be basically established; second, by 2035, it will become a new highland for China's open economy; third, by the middle of this century, the port will be built into a globally influential and high-level free trade port. To meet these goals, we are full of expectations and confidence. 

Thanks!