Foreign trade fuels Hainan's hot economy

FUZHOU - Hainan province, in the southernmost corner of China, has successfully embraced the opening-up policy, with its export-oriented economy growing rapidly since the special economic zone was established 23 years ago.

Foreign trade on the island is expanding very fast.

The total value of imports and exports rose from $292 million in 1987 to $10.8 billion in 2010, an annual year-on-year growth of 21.2 percent. In 2010, export value reached $2.39 billion, increasing by 24.8 percent, and import value reached $8.41 billion, increasing by 20 percent.