China unveils free trade port master plan

China Unveils Free Trade Port Master Plan

June 3,2020– PortStrategy.com

China has released a free trade port master plan with the goal of having a basic operation in place in the south of the country by 2025.Authorities in China have released a master plan for the Hainan free trade port, aiming to build the southern island province into a globally-influential high-level free trade port by the middle of the century, said Xinhua, China’s official press agency. A free trade port system focusing on trade and investment liberalization and facilitation will be “basically established” in Hainan by 2025 and become “more mature” by 2035, according to the plan jointly issued by the Central Committee of the Communist Party of China (CPC) and the State Council.

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