New FTZ area set up for Hainan

Benchmark development zone established in provincial capital

Hainan, China's southernmost province, has established a new benchmark area to promote development of the China (Hainan) Pilot Free Trade Zone, it was announced on Sunday.

The new area－the Haikou Jiangdong New District of China (Hainan) Pilot Free Trade Zone－covers 298 square kilometers on the east coast of Haikou, the provincial capital. It will have two parts: a 106-sq-km ecological region boasting a key national wetland natural reserve, and 192 sq km that will serve both industrial and urban purposes.