Beijing’s plans for China’s southerly island province to become a thriving free trade zone and hub for foreign investment are falling short of expectations.
The CDF Sanya International Duty Free Shopping Complex in Sanya, Hainan. Credit: DreamArchitect via Shutterstock
Hainan, China’s southernmost province, is famous for its sandy beaches and tropical scenery. Six years ago, the so-called “Hawaii of China” drew extra attention as the focus of one of Xi Jinping’s flagship economic growth efforts.
The Sanya Agile Clearwater Bay Marina in Hainan hosts 780 yacht berths. Credit: NDA Group
China’s leader announced plans in 2018 to make Hainan into the country’s largest free trade zone, with low barriers to foreign investment in sectors from f
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
California-based Jupiter Systems sold high-tech wall screens to U.S. military and government clients. On June 14, The Wire China revealed how Jupiter was sold to a Chinese company in 2020 without the first Trump administration’s knowledge. Now Trump is back and on the case as Jupiter teeters on the verge of bankruptcy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
