Hainan free port to boost flow of people, capital

Since the building of a free trade port is a historical opportunity for Hainan's development, the island province should use the "window period" - the next two to three years - to transition from a pilot free trade zone to a free trade port by expediting free trade in services.

Free trade in services is not only compatible with China's further opening-up policy, but also suited to Hainan's distinct conditions. Hainan is well positioned to use innovative means to boost service trade. Last year, the province's trade in services accounted for 18.1 percent of its total trade volume, 3.4 percentage points higher than the national average, and Hainan can raise it further.

Since the proposed free trade zone will also have a national major strategic service area, Hainan should build up its unique advantages in service trade, and take measures to further expand its service sector.