China is turning Hainan into a free trade hub, just like Hong Kong.

Further solidifying their economy and international presence.


Alfred Lee

3 Jun, 2020

China is turning Hainan into a free trade hub, just like Hong Kong. | BEAMSTART News

- From our Sponsors -

As the United States strives to recover from the pandemic, China is upping its game in becoming a global super-power and economy.

China's government has outlined plans to transform Hainan into more than just a tourist destination, but instead into a "free trade port" much like Hong Kong.

The new plans outline special policies for Hainan, which include scrapping import duties, lowering company tax rates to 15%, as well as relaxing visa requirements for tourists and business travellers.

The tropical island of 9.5 million people will also enjoy freedoms in trade, capital flows, and a much more simplified investment environment.

Hainan is also known as the "Hawaii of China".

China understands the possibility of trade tensions rising further with the United States, and sees this as an alternative solution to further anchor their economic growth.

By developing Hainan further, China is also able to have the benefits of both worlds — control over their mainland economy, while reaping the economic and cultural benefits from the outside world that Taiwan and Hong Kong enjoys.

While Hainan will never become like Hong Kong, it certainly has many ingredients to make it become a tourism, trading, and even potential financial hub in the long term.

- From our Sponsors -

Latest Jobs

Founding SDR or AE (Cash + Equity + Comission)

Domu Technology Inc.

California,

Full Time

USD 70000 — USD 150000 yearly

SDR Senior US Market

REVER

Catalonia,

Full Time

USD 40000 — USD 55000 yearly

Senior Product Manager - Infracost Cloud

Infracost

Full Time

USD 150000 — USD 250000 yearly

Backend Engineer (AI)

HockeyStack

California,

Full Time

USD 160000 — USD 200000 yearly

LLM engineer

nunu.ai

Zurich,

Full Time

USD 110000 — USD 200000 yearly

Sales Development Representative (SDR) Contractor

ParadeDB

Contract

USD 60000 — USD 100000 yearly

Senior Frontend Engineer

Laylo

Full Time

USD 100000 — USD 175000 yearly

Founding Engineer (Fullstack)

Onlook

California,

Full Time

USD 130000 — USD 200000 yearly

Founding Engineer (Full-Stack)

Planbase

California,

Full Time

USD 130000 — USD 200000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).