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.