More Than 160 Enterprises with Foreign Capital Established in Hainan This Year
The volume of attracted foreign capital in January-June in the province amounted to $ 160 million, which is 3.6 times more than in the first half of 2018. The portal notes that such indicators allowed the province to lead in China in terms of foreign investment.
The main investors in the first half of this year were countries such as Germany, Canada, the Netherlands and the United States. Most of the funds were invested in industrial and other facilities in cities and areas such as Wangning, Sanya, Yangpu Special Economic Zone, Linshui County, Wenchang City, Danzhou, Chengmai County and the administrative center of Haikou Province. According to media reports, out of 18 industries represented on the island, 17 new enterprises with foreign capital appeared. They operate in areas such as electricity, trade, transport, the entertainment industry, information technology, catering and others.
Over the past year, the Hainan authorities have been actively working on the construction and promotion of the pilot free trade zone, the creation of which the President of China Xi Jinping announced in April 2018 at the celebration of the 30th anniversary of the establishment of the island province and Hainan Special Economic Zone. According to the plan of the authorities, the creation of a pilot zone will give impetus to the processes of globalization of the island's economy and will increase the attractiveness of the Chinese province for foreign investors.