China’s Free Trade and Innovation Haven

Image: Dawn Hudson, Vintage Trade Poster (Publicdomainpictures.net)

对于那些在当前关税战中苦苦挣扎的企业来说,海南——中国最南端的岛屿省份——似乎是它们急需的避风港。2020年,中国领导层发布了一项大规模计划,将整个海南省打造成为自由贸易港。尽管海南省土地面积仅为33,920平方公里,但是凭借其较低的税率以及对某些法律限制享有豁免等优惠待遇,该省可以发挥与其特殊地位相称的作用,帮助中国渡过关税风暴。Read more

China’s Free Trade and Innovation Haven

Image: Dawn Hudson, Vintage Trade Poster (Publicdomainpictures.net)

Hainan, China’s island province located at the country’s southernmost point, appears to be a much-needed haven for companies struggling to survive the current tariff war. In 2020, the Chinese leadership released a large-scale plan to turn the entire province into a free trade port. Endowed with lower tax rates and other preferential treatments such as exemptions from certain legal restrictions, Hainan, which has a land area of only 33,920 square kilometers, may play a role commensurate with its special status to help China weather the tariff storm.Read more