People shop at a duty-free store in Haikou, the capital of Hainan province, on February 3. Photo: Xinhua
Opinion
Opinion
Macroscope by Jinyuan Li
As China’s zero-Covid policy takes an economic toll, Hainan free-trade port could provide a boost
The Shanghai lockdown exposed China’s dependence on regional economic hubs. The creation of a new trade zone will help to more evenly distribute talent, capital and activity
Hainan’s location, size and favourable policy environment make it an ideal platform for expanding China’s overseas political and economic engagement