Chinese authorities on Monday released a master plan for the Hainan free trade port, aiming to build it into a globally influential high-level free trade port by the middle of the century.

A free trade port system 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 and the State Council.

Here are some highlights of the newly released document.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

China reports exports fell further in March amid shutdown

BEIJING — China’s exports fell further in March compared with February amid a global economic slowdown caused by the coronavirus pandemic, the government reported Tuesday. Exports fell 3.5% from the previous month in Chinese currency terms to 1.3 trillion yuan…

Visa planning biggest changes to U.S. swipe fees in a decade: Bloomberg

(Reuters) – Visa Inc (V.N) is planning the biggest changes in a decade to the rates U.S. merchants pay to accept its cards, Bloomberg reported bloom.bg/2vGWtA7 on Tuesday, citing a document Visa sent to banks. Interchange rates of the world’s…

Fiat Chrysler asks judge to deny GM request to reopen racketeering case

(Reuters) – Fiat Chrysler Automobiles NV (FCA) on Monday asked a U.S. federal judge to dismiss a request from General Motors Co to reinstate a racketeering lawsuit against its smaller rival, comparing a recent GM filing to a “third-rate spy…

Tesla’s Musk offers to make ventilators amid shortage in coronavirus battle

(Reuters) – Hundreds of Twitter users welcomed on Thursday an offer by Tesla’s (TSLA.O) chief executive, Elon Musk, to make ventilators for coronavirus sufferers, after the United States appealed for donations of respirator masks to combat a shortage. On Wednesday,…