China plans to turn the southern island of Hainan into a free trade port. Illustration: Lau Ka-kuen

China unveils plan to make Hainan a free trade hub like Hong Kong, Singapore as risks of US decoupling loom

  • Beijing has outlined plans to turn Hainan into a ‘free trade port’ similar to Hong Kong, as China faces the risk of decoupling with the United States
  • The tropical island will benefit from a low income tax rate, freedoms in trade, investment, capital flows and an easier investment environment
Topic |   China economy
China plans to turn the southern island of Hainan into a free trade port. Illustration: Lau Ka-kuen
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