Hainan FTP Mid-year Data Report ①:Business & Investment
News source:hiHainan / By Cai Rong / 12 01,2020 21:45:00 / Free Trade Port

1. Core indicators were generally positive.

In the first three quarters of 2020, regional GDP reached 384.131 billion yuan, up 1.1% year-on-year.

The growth rate of the GDP increased by 3.7% compared to the first half of the year, 0.4% higher than that of China’s overall rate of growth.

Import and export of goods and services from Jan. to Oct. totaled 69.225 billion yuan and 13.729 billion yuan respectively,

with imports up 36.052 billion yuan and exports up 7.536 billion yuan since Jun. 1.

2. The number of companies in Hainan grew at the fastest rate in China.

From Jun. 1 to Nov. 20, there were 180,900 newly added market entities in Hainan, a year-on-year increase of 24.04%,

including 99,100 new companies, a year-on-year increase of 185.47%,

accounting for 53.71% of newly added market entities in Hainan and ranking the highest in China. 

Overseas investment heated up rapidly.

There were 671 new overseas-funded enterprises from Jun. 1 to Nov. 20, a year-on-year increase of 229.80%.

(Wu Wei)

3. Recovery of leading industries speeded up.

In the first three quarters of the year, the added value of the modern service industry reached 111.157 billion yuan, up 5.6%.

The added value of the Internet industry increased by 35% and that of the medical health industry, financial industry, cultural industry, and other modern service industries all grew as well.

4. There was high quality promotion of project investment.

In 2020, there were 4 groups of projects under construction, which included a total of 538 projects.

Total investment in these projects reached 172.48 billion yuan and Hainan’s annual planned project investment is 35.56 billion yuan. 

Hainan set up a total of 105 key projects this year.

Total investment in key projects reached 377.2 billion yuan and Hainan’s annual planned key project investment is 67.7 billion yuan. 

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