Hainan striving to be a ''low-carbon island''
It is the first provincial-level demonstration plan developed through a partnership between the Hainan provincial government and China Southern Power Grid. The initiative is
It is the first provincial-level demonstration plan developed through a partnership between the Hainan provincial government and China Southern Power Grid. The initiative is
With the facility''s success, Hainan FTP is now exploring advanced carbon storage solutions to meet its 2025 ecological targets. The progress positions the island as a testing
An aerial view shows a container ship docked at the port of Yangpu, Hainan, on July 2: China formally launches its Hainan free trade
Through continuous optimization of the capture process and the establishment of a comprehensive monitoring system, the project has achieved long-term stable carbon dioxide
On Feb. 2, the Hainan Free Trade Port''s pilot policy exempting import tariffs on products with 30% or higher value added after
In a move to bolster the growth of the Hainan Free Trade Port and broaden the spectrum of zero-tariff goods, a joint announcement by the Ministry of Finance, General
Unique opening China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban
This initiative comes as the Hainan Free Trade Port (FTP) will officially launch island-wide independent customs operation on December 18, a milestone in China''s opening
It is expected that the factory will have an energy storage capacity of nearly 40 GWh upon completion, equivalent to the annual electricity consumption of 50,000 households
By integrating advanced carbon capture technology with enhanced monitoring and storage techniques, the project supports the province''s broader strategy to promote
Xi stressed that Hainan should continue to free the mind, explore new ground with innovation, overcome difficulties and make steady progress in its strive to build the Hainan
By integrating advanced carbon capture technology with enhanced monitoring and storage techniques, the project supports the province''s broader strategy to promote
2. Why China selected Hainan for its first Free Trade Port 2.1. Geographical location and natural resources 2.2. Early achievements of
This business model is highly applicable to the Hainan FTP tariff-free policy. In April 2018, China announced a decision to develop
(Yicai) Dec. 12 -- Hainan province is counting down to the launch of its full customs closure on Dec. 18, when China''s southernmost province will begin island-wide independent customs
Hainan Free Trade Port is a free trade port in Hainan, China. As an offshore island, Hainan is also the largest special economic zone in the People''s Republic of China (PRC). It is regarded as a special area for China to comprehensively deepen economic reform and experiment with the highest level of opening-up policies. Hainan Free Trade Port is not a port in the usual sense, as the entire
The province has already rolled out zero-tariff policies for key sectors, but the new framework significantly expands coverage. The
The initiative aims to phase in low-carbon and zero-carbon transformations across various parks, with qualified zones prioritized to achieve zero-carbon status.
Industries are encouraged to adopt carbon-reduction technologies, including CCUS (Carbon Capture, Utilization, and Storage), while research is supported on new
CNPC is exploring advanced carbon storage technologies to enhance CCUS industrialization. Continuous optimization of the capture process and comprehensive
Leveraging the unique policy benefits of the Hainan Free Trade Port (FTP), the project aims to attract top-tier domestic and global enterprises to establish a "near-zero carbon"...
HAIKOU, July 22 (Xinhua) -- China''s Hainan Free Trade Port (FTP) is set to launch a pilot program on August 21 this year, enabling overseas investors to access domestic financial
In a move to bolster the growth of the Hainan Free Trade Port and broaden the spectrum of zero-tariff goods, a joint announcement by
China''s Hainan Free Trade Port is set to launch a pilot program on August 21 this year, enabling overseas investors to access domestic financial products offered by local
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Leveraging the unique policy benefits of the Hainan Free Trade Port (FTP), the project aims to attract top-tier domestic and global enterprises to establish a "near-zero carbon" demonstration area integrating ports, industries, and urban development.
Photo shows the beautiful scenery in Sanya, south China's Hainan province, where the Hainan Free Trade Port is located. (People's Daily Online/Ye Longbin) It is expected that the factory will have an energy storage capacity of nearly 40 GWh upon completion, equivalent to the annual electricity consumption of 50,000 households in Shanghai.
On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.