According to the Hainan Provincial Statistics Monitoring Center, in the first half of 2024, with over USD 167 billion in direct operating income (for a year-on-year increase of 10.4%), economic operation of the island’s 13 key industrial parks not only remains stable but is showing signs of improvement.

The increase in operating income is mainly driven by Haikou Jiangdong New Area (at 4.4 percentage points) and Yangpu Economic Development Zone (at 3.6 percentage points).

Yangpu Economic Development Zone is a pilot zone for many of the Hainan Free Trade Port’s preferential policies. (Photo: Xinhua)

In terms of investment, the first half of this year saw the Free Trade Port’s 13 key industrial parks complete over USD 9 billion in total fixed asset investment (for a year-on-year increase of 5.0%). Jiangdong and Yangpu are also the main driving forces for the growth of total investment in industrial parks.

Additionally, with nearly USD 5.2 billion in tax revenue (for a year-on-year increase of 1.7%), the Free Trade Port’s key industrial parks account for nearly 49% of the province’s total tax revenue. Of these, Yangpu Economic Development Zone, Hainan Resort Software Community, and Haikou Fullsing Town Internet Industrial Park were the top three performers that contributed to nearly 70% of the 13 parks’ total tax revenue—for a combined total of USD 3.4 billion in collected tax revenues.