外媒:海南自贸港成为中国高水平开放的新里程碑

Core Points - Hainan Free Trade Port officially launched its full island closure on December 18, marking a significant milestone in promoting free trade and expanding institutional openness amid rising global protectionism [2][3] - The island, with an area of over 30,000 square kilometers, had a GDP of approximately $113 billion last year, positioning it as a medium-sized economy [2] - Hainan is being positioned as a key gateway for China's high-level opening-up, aiming to enhance market diversification and deepen regional economic cooperation [2] Economic Impact - The closure is expected to lead to significantly lower tariffs, boosting offline consumption, particularly among winter tourists seeking to escape the cold [3] - This initiative is anticipated to attract foreign investment and promote manufacturing upgrades, further solidifying Hainan's role as a logistics hub connecting Southeast Asia [3] Strategic Importance - Hainan's role in the global supply chain is becoming increasingly important, with the closure date coinciding with the anniversary of China's reform and opening-up policy initiated in 1978 [4] - As one of China's earliest special economic zones, Hainan is further relaxing foreign investment access in sectors such as healthcare and education, enhancing its strategic position amid rising regional tensions [4][5]

New Journey-外媒:海南自贸港成为中国高水平开放的新里程碑 - Reportify