Tag: Free trade port

China Legislates to Transform a Province Into Free Trade Hub, Wants to Protect Military Bases: Economist

July 7, 2021
aircraft carrierBusiness & EconomyChinaChinese RegimeFree trade portHainanmilitarynuclear submarine
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The CCP (Chinese Communist Party) passed a law to change its far southern province, Hainan, into a gigantic free trade port (FTP). But an economist pointed out that the actual intent behind creating the FTP (areas with little to no tax to encourage economic activity) may be to protect military bases. “The intention should include…

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After Crippling Hong Kong, Beijing Wants to Turn Hainan Island Into a Free Trade Port

May 24, 2021
CCPChinaChina Business & EconomyChinese RegimeFree trade portHainanHong Kong SAR
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In June last year, while pushing its national security law in Hong Kong, China announced a master plan to build Hainan, the country’s southern island province, into a free trade port by 2025. Local authorities released a progress report recently, claiming that the institutional framework of a free trade port system has been “basically established,”…

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