Xi: Build high-quality port in Hainan

As free trade ports are regarded as the world's most open form of economic zone, the significance of the port lies in its role not only in boosting regional development, but also in helping fuel the growth of the nation and globe, they added.

"While China faces a complicated and challenging international environment, the country continues to accelerate in opening wider to the outside world," said Cui Weijie, director of the Institute of Industry Development and Strategy under the Chinese Academy of International Trade and Economic Cooperation. The plan "is sending a strong message that China is dedicated to promoting a high standard of opening-up, and it will help inject new impetus into the world economy", Cui said.

He highlighted Hainan's advantages in implementing comprehensive deepening of reforms and testing the high level of openness policies, saying the new plan will help foster high-quality economic development and fuel the growth along the routes of the Belt and Road Initiative.

According to the plan, more efforts will be made to grant Hainangreater autonomy for reform, creating a world-class free trade port rule of law environment, gradually establishing a suitable taxation system and building a complete, scientific and effective free trade port governance system.