Hainan Island, often referred to as China’s Hawaii, was chosen by Chinese President Xi Jinping in April 2018 as the country’s latest FTZ. Photo: Handout

Hainan reassigns 20.7 million square metres of residential land for industrial use to fit Xi’s vision for province

  • Provincial government to lose US$9.2 billion in revenue as land is no longer available for residential property development
Topic |   China property

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Hainan Island, often referred to as China’s Hawaii, was chosen by Chinese President Xi Jinping in April 2018 as the country’s latest FTZ. Photo: Handout
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