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Group 1 - Hainan Island will start a full closure on December 18, 2025, transforming it into a special tariff zone with zero tariffs covering over 70% of tax items and visa-free access for citizens from 85 countries, significantly enhancing trade efficiency [2] - The new policies include a 15% corporate income tax rate and a cap of 15% on personal income tax for high-end talent, attracting businesses and skilled workers to the island [2] - The opening of 85 new international shipping routes from Yangpu Port is expected to save six days of shipping time and 15% in fuel costs, leading to a surge in port traffic and investments from European automotive parts manufacturers [2][5] Group 2 - Singapore's government expressed concern over Hainan's closure, with Prime Minister Lawrence Wong stating that Singapore will not allow companies to use it as a transit point to circumvent U.S. chip export controls, indicating a shift towards a pro-U.S. stance [2][5] - The trade volume through Singapore has decreased by 11%, marking the largest drop in a decade, as Hainan's policies attract global goods for processing and distribution [5] - Singapore's electronics exports to China have declined by 22%, reflecting the impact of Hainan's new trade routes and policies [5] Group 3 - Hainan's closure signifies a new phase of China's opening up, with a focus on institutional reforms that enhance its attractiveness for cross-border e-commerce and manufacturing [7] - Singapore's attempts to balance its position while tightening chip controls have led to increased unemployment and a decrease in GDP growth, highlighting the economic pressures it faces [7][9] - The semiconductor control measures taken by Singapore align with U.S. interests, but they risk further marginalizing Singapore in the evolving geopolitical landscape [5][9]