Hainan Free Trade Port Marks Six Months Since Full Island Closure, Reports Strong Growth

Hainan's free trade port reached the six-month milestone of its full island closure policy today, demonstrating robust economic expansion across multiple indicators. The zone registered 172,100 new business entities during the period, representing a year-on-year growth rate of 61.07%, signaling accelerating investor interest and commercial activity. The zero-tariff import policy drove significant trade flows, with imported goods under the scheme reaching 2.645 billion yuan, marking a 120 percent increase compared to the same period last year.

The island's duty-free shopping sector continued its positive trajectory, with offshore duty-free sales reaching 20.34 billion yuan, up 20.5 percent year-on-year. These figures underscore the effectiveness of Hainan's preferential trade policies in attracting commerce and investment. The duty-free policy refinements have maintained consumer appeal while supporting sustained growth in this key revenue stream.

The comprehensive performance across registration, import, and retail sectors indicates that the full island closure framework—implemented to establish Hainan as a major free trade hub—is delivering measurable economic results. The doubling of zero-tariff import volumes and the substantial increase in new business registrations suggest the policy framework is successfully attracting domestic and international enterprises seeking access to preferential trade conditions.