Core Viewpoint - The "14th Five-Year Plan" emphasizes the high-standard construction of Hainan Free Trade Port, aiming to promote high-quality development in Hainan and contribute to the national new development pattern [1] Group 1: Strategic Positioning - Hainan is tasked with becoming a comprehensive deepening reform and opening-up pilot zone, a national ecological civilization pilot zone, an international tourism consumption center, and a major strategic service guarantee area [1] - The construction of these zones requires Hainan to accumulate replicable and promotable experiences for national reform and opening-up, establish a new model for green low-carbon development, and explore new paths for high-quality development in tourism and cultural industries [1] Group 2: Open Leadership Role - Hainan Free Trade Port leverages its geographical advantages and domestic market size to achieve significant results in foreign trade and investment [2] - The port has opened multiple ocean routes and is enhancing cooperation with regions like the Guangdong-Hainan area to facilitate trade and tourism [2] Group 3: Institutional Innovation - The emphasis is on institutional integration and innovation, with Hainan serving as a pilot for high-standard international trade rules [3] - Since the release of the overall plan in 2020, Hainan has made breakthroughs in institutional innovation, including the first national negative list for cross-border service trade and policies for zero tariffs and simplified tax systems [3] Group 4: Competitive Industrial System - Hainan is developing a differentiated industrial layout, focusing on tourism, modern services, high-tech industries, and tropical agriculture, which together accounted for 67.2% of the province's GDP in the first three quarters of this year [4] - The high-tech industry has shown strong growth, with an average nominal growth rate of 36.8% over the past four years [4] Group 5: Business Environment - Hainan has improved its infrastructure and logistics efficiency, significantly reducing logistics costs and enhancing customs clearance efficiency [5][6] - The establishment of a unified government cloud platform and reforms for efficient service delivery are aimed at creating a more favorable business environment [6] Group 6: Security Assurance - Hainan Free Trade Port is crucial for national security and economic stability, necessitating strong financial regulation and risk prevention measures [7] - The region is also focused on ecological protection and sustainable development, ensuring that economic growth aligns with environmental conservation [7]

"一线"放开，就是将海南自由贸易港与我国关境外其他国家和地区之间作为"一线"，实施一系列自由便 利进出举措；"二线"管住，就是将海南自由贸易港与内地之间作为"二线"，针对"一线"放开的内容实施 精准管理；岛内自由，就是在海南自贸港内，各类要素可以相对自由流通。 对海南自贸港企业而言，封关运作后多项政策将持续释放红利。"零关税"商品数量将显著增加，覆盖约 74%的商品税目，惠及医药、高端食品加工等重点产业。享惠主体范围也全面扩大，基本覆盖全岛有实 际进口需求的各类企事业单位。截至目前，海南自贸港鼓励类产业条目已扩至1100多个，涵盖生物医 药、海上风电、专用汽车制造、绿色建材生产等，相关企业可享受15%的企业所得税优惠。 海南自贸港封关将给海南乃至全国带来哪些新变化？对国内国际投资者以及区域经贸合作，又有哪些影 响？近日，21世纪经济报道在第六届"海洋合作与治理论坛"期间对华阳海洋研究中心理事长、中国南海 研究院学术委员会主席吴士存进行了专访。 （原标题：21专访｜吴士存：应吸引更多世界500强企业入驻海南） 21世纪经济报道记者洪晓文 海南三亚报道 2025年12月18日，海南自贸港全岛封关正式启动。封关运 ...

21世纪经济报道记者 陈思琦 深圳报道 具体来看，深圳规上工业总产值、工业增加值从2022年开始保持全国城市"双第一"；"十四五"期间，深 圳固定资产投资总额可达4.5万亿元、约为"十三五"的1.5倍；社会消费品零售总额从2020年的8664亿元 增加到2024年的1.06万亿元；外贸进出口总额从2020年的3.05万亿元增加到2024年的4.5万亿元，跃居全 国城市首位；来源于深圳辖区的一般公共预算收入预计连续五年保持在万亿元以上。 从经济结构看，"十四五"前四年，深圳战略性新兴产业增加值年均增长10%以上、占GDP比重提高到 42.3%。 具体来看，深圳建成投产11个百亿级大型工业项目，先进制造业和高技术制造业增加值占规上工业比重 分别达68.2%、58.2%；集成电路、工业机器人、智能手机等39种工业产品产量占全国比重超10%；现代 服务业增加值占服务业比重提高至76.5%；国家级专精特新"小巨人"企业数量达1333家、跃居全国城市 首位；境内外上市企业592家、瞪羚企业215家、独角兽企业42家，均位居全国前列。 "十四五"期间，深圳科技创新亦取得重大突破，创造多个"首位"。总体来看，深圳全社会研发投 ...

Economic Growth - Shenzhen's GDP increased from 2.78 trillion yuan in 2020 to 3.68 trillion yuan in 2024, with an average annual growth rate of 5.5%, leading among first-tier cities [1][2] - Fixed asset investment during the "14th Five-Year Plan" is expected to reach 4.5 trillion yuan, approximately 1.5 times that of the "13th Five-Year Plan" [2] - Retail sales of consumer goods rose from 866.4 billion yuan in 2020 to 1.06 trillion yuan in 2024 [2] - Foreign trade import and export volume increased from 3.05 trillion yuan in 2020 to 4.5 trillion yuan in 2024, ranking first among cities in the country [2] Industrial and Technological Development - Shenzhen maintained the top position in national cities for industrial output and added value since 2022 [2] - The added value of strategic emerging industries grew by over 10% annually, accounting for 42.3% of GDP [2] - R&D investment increased from 151.08 billion yuan in 2020 to 245.31 billion yuan in 2024, with an annual growth rate of 12.9% [3] - Shenzhen ranked first in the number of national specialized and innovative "little giant" enterprises, totaling 1,333 [3] Infrastructure and Urban Quality - Significant improvements in urban quality, particularly in transportation, with major projects like the Ganshen High-speed Railway and the Shenzhen-Zhongshan Link [5] - The airport passenger throughput is expected to exceed 65 million this year, and metro operation mileage surpassed 600 kilometers [5] - Social welfare expenditures reached 1.6 trillion yuan, accounting for nearly 70% of fiscal spending [5] Future Development Strategies - Shenzhen aims to expand domestic demand comprehensively and enhance effective investment [7] - The city plans to cultivate new productive forces and become a hub for innovation and advanced manufacturing [8] - Emphasis on deepening reform and opening up, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area [8] - Focus on high-quality urban development and improving public services to ensure equitable benefits for citizens [8]

Group 1: Core Changes in Trade and Economy - The launch of the customs closure operation in Hainan signifies a new phase in the construction of the Hainan Free Trade Port, enhancing China's overall openness [1][2] - The core policy features of the customs closure include "one line open, two lines controlled, and island-wide freedom," which will significantly improve the level of trade liberalization and facilitation [2] - Hainan is set to become one of the most open customs special supervision areas in China, transforming into an unprecedented "processing base" and "logistics hub" [2] Group 2: Impact on Enterprises and Consumers - Companies will benefit from cheaper and more efficient imports of raw materials, components, and high-end equipment, fostering high value-added industries such as processing manufacturing and cross-border e-commerce [2] - Consumers will experience a wider variety of imported goods and price advantages, with the potential for continued benefits from tourism shopping and duty-free policies [2] Group 3: Economic Structure Optimization - The customs closure will accelerate the optimization of Hainan's industrial structure and economic development model, moving away from heavy reliance on tourism and real estate [4][5] - New emerging industries such as modern services, high-tech industries, cross-border finance, and digital economy are expected to flourish due to the facilitation of trade and investment [4] - The transition towards a more diversified and high-end economy will enhance Hainan's resilience and internal growth momentum [5] Group 4: Governance and Regulatory Challenges - The customs closure operation will test the governance system and regulatory capabilities, requiring the establishment of an efficient and transparent regulatory framework aligned with international standards [6][7] - There is a need for improved legislative, enforcement, and risk prevention measures to ensure the smooth operation of the new policies [6] - Hainan's experience in implementing these changes could serve as a model for other regions in advancing institutional openness [3][7]

"加快建设具有世界影响力的中国特色自由贸易港" 本报记者 欧阳洁 罗珊珊 《人民日报》(2025年12月18日 第 01 版) 潮起海之南，开放新高地。 琼岛西北端，海口新海港，像一只蓄势的鲲鹏，沉稳地迎接历史性时刻的到来。 2025年12月18日，海南自由贸易港正式启动全岛封关。 这个日子，别具深意。1978年12月18日，党的十一届三中全会开幕，改革开放号角吹响。 "我们坚持走中国特色的改革开放之路，一步步走到了这里。"习近平总书记亲自谋划、亲自部署、 亲自推动建设海南自贸港。 一步步走来的征途里，有敢闯敢试的探索和矢志不渝的笃行。 从1988年建立我国最大的经济特区——海南经济特区，到2018年4月习近平总书记在海南郑重宣 布"中国特色自由贸易港"的建设构想，再到今日海南自贸港新起航，时间坐标轴里，刻录下我国改革开 放浪潮奔涌，见证了开放的大门越开越大。 一步步走向的未来里，有开放包容的胸襟和一往无前的决心。 海南自贸港建设，写进"十五五"规划建议，纳入中央经济工作会议部署的明年经济工作八项重点任 务。自贸港，这一当今世界最高水平的开放形态，在海南岛这片充满希望的热土生根发芽、茁壮成长。 "过去我们的开 ...

Group 1: Fiscal Revenue - From January to November, China's general public budget revenue reached 200,516 billion RMB, showing a year-on-year growth of 0.8% [1] - Tax revenue amounted to 164,814 billion RMB, with a year-on-year increase of 1.8%, while non-tax revenue was 35,702 billion RMB, reflecting a decline of 3.7% [1] - The growth rate of general public budget revenue remained consistent with that of January to October [1] Group 2: Tax Revenue Breakdown - Domestic value-added tax and domestic consumption tax grew by 3.9% and 2.5% respectively, indicating stable growth [1] - Corporate income tax increased by 1.7%, while personal income tax saw a significant rise of 11.5%, maintaining the same growth rate as in the previous months [1] - Sectors such as equipment manufacturing and modern services showed strong tax performance, with computer and communication equipment manufacturing tax revenue up by 14.1%, and electrical machinery and equipment manufacturing tax revenue up by 7.9% [1] Group 3: Fiscal Expenditure - National general public budget expenditure reached 248,538 billion RMB, reflecting a year-on-year growth of 1.4% [2] - Key areas of expenditure included social security and employment (up 8.1%), education (up 4.4%), health (up 4.7%), and science and technology (up 7.9%) [2] - Government fund budget revenue was 40.3 billion RMB, down 4.9%, while government fund budget expenditure was 92.1 billion RMB, up 13.7% [2] Group 4: Debt and Funding - The increase in expenditure was attributed to accelerated use of bond funds, with local government special bonds and other financial instruments contributing to a total expenditure of 51.5 billion RMB [2]

财政部12月17日发布统计数据显示，今年前11个月，全国一般公共预算收入20.05万亿元，同比增长 0.8%，增幅与前10个月持平；全国一般公共预算支出24.85万亿元，同比增长1.4%。 支出方面，各级财政部门认真落实更加积极的财政政策，加大支出强度，优化支出结构，持续加强对重 点领域的支出保障。 前11个月，重点领域支出得到保障。其中，社会保障和就业支出增长8.1%，教育支出增长4.4%，卫生 健康支出增长4.7%，科学技术支出增长7.9%，节能环保支出增长6.6%，文化旅游体育与传媒支出增长 1.3%。李旭红认为，教育、社会保障和就业、科学技术等关键领域支出增速高于整体支出水平，有效 托底民生、支撑发展。 同时，前11个月，全国政府性基金预算收入4.03万亿元，同比下降4.9%；全国政府性基金预算支出9.21 万亿元，增长13.7%，主要是各级财政持续加快债券资金使用，地方政府专项债券、超长期特别国债、 中央金融机构注资特别国债等资金共支出5.15万亿元。李旭红分析，政府债券资金加快落地，有效带动 了投资增长，助力补短板、强弱项。 中央财经大学财税学院教授白彦锋认为，全国一般公共预算收入稳步增长，凸显出 ...

Group 1 - The national general public budget revenue for the first 11 months of the year reached 20.05 trillion yuan, with a growth rate of 0.8%, maintaining the same growth rate as the previous 10 months [1] - Tax revenue amounted to 16.48 trillion yuan, growing by 1.8%, with an increase of 0.1 percentage points compared to the first 10 months [1] - The domestic value-added tax and domestic consumption tax grew by 3.9% and 2.5% respectively, while personal income tax increased by 11.5%, consistent with the growth rate from the first 10 months [1] Group 2 - The performance of personal income tax has been notably strong, likely due to the active capital market and increased wealth effect, with capital market-related tax revenues also seeing significant growth [2] - Corporate income tax revenue reached 402.34 billion yuan, with a year-on-year growth of 1.7%, indicating a recovery in corporate earnings supported by various factors [2] - The equipment manufacturing and modern service industries showed strong tax revenue performance, with the computer and communication equipment manufacturing sector growing by 14.1% and the electrical machinery sector by 7.9% [2] Group 3 - The manufacturing sector continues to play a stabilizing role, with tax revenue from manufacturing maintaining a stable share of around 30% [3] - High-tech industry sales revenue increased by 14.7%, with smart device manufacturing sales growing by 28.2%, reflecting rapid growth in innovation-driven sectors [3] - General public budget expenditure for the first 11 months reached 24.85 trillion yuan, growing by 1.4%, with significant spending in social security and employment, education, and health sectors [3]

Core Viewpoint - Hainan Free Trade Port will officially start full island closure on December 18, 2025, aiming to enhance trade facilitation and establish itself as an international tourism consumption center while continuing the duty-free shopping policy and expanding the product list to meet changing consumer demands [1]. Policy Upgrades for Residents - The duty-free shopping policy for residents has been upgraded since November 1, allowing residents to purchase "immediate purchase and pick-up" items without limit on the number of purchases within a calendar year, provided they have at least one record of leaving the island [4][2]. - The "immediate purchase and pick-up" items are limited to 15 categories, including cosmetics, perfumes, clothing, and bags, with a single item price cap of 20,000 yuan, and an annual duty-free shopping limit of 100,000 yuan per person [6]. Integration of Duty-Free and Other Industries - The integration of duty-free shopping with tourism, culture, and entertainment industries is expected to deepen, promoting diverse consumption forms and creating more job opportunities in Hainan [9]. Talent Attraction and Business Environment - Hainan Free Trade Port offers incentives for attracting talent in key sectors such as tourism, modern services, high-tech industries, and agriculture, including personal income tax exemptions for high-income individuals [11]. - The corporate income tax for encouraged industries in Hainan is capped at 15%, significantly lower than the mainland average, providing a favorable environment for entrepreneurs [17]. - The streamlined process for starting a business allows entrepreneurs to begin operations with a written commitment to meet relevant requirements, reducing bureaucratic hurdles [15]. Future Opportunities - The opening of Hainan as a duty-free zone is expected to create a "national flow entry" for industries like cross-border e-commerce, high-end manufacturing, and logistics, leading to increased job opportunities and a demand for skilled labor [19]. - The policies implemented in Hainan are seen as a model for high-level opening up and can serve as a reference for other regions in China [21].