New FTZ area set up for Hainan
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Benchmark development zone established in provincial capital
Hainan, China's southernmost province, has established a new benchmark area to promote development of the China (Hainan) Pilot Free Trade Zone, it was announced on Sunday.
The new area-the Haikou Jiangdong New District of China (Hainan) Pilot Free Trade Zone-covers 298 square kilometers on the east coast of Haikou, the provincial capital. It will have two parts: a 106-sq-km ecological region boasting a key national wetland natural reserve, and 192 sq km that will serve both industrial and urban purposes.