A major project with a total investment of 150 million yuan (about $22.1 million) by Haiyan Kangyuan Medical Instrument is under construction in Danzhou’s Yangpu, in China’s southern province of Hainan. Upon completion, the project is expected to generate an annual production value of around 300 million yuan (about $44.2 million).

Aerial photo shows the Yangpu Economic Development Zone, one of the eleven key industrial parks in the Hainan Free Trade Port. XINHUA

The project will be mainly operating in the high-end medical equipment industry, shoring up the industrial development of the area, as well as contributing to the development of the Hainan Free Trade Port’s medical and health sectors.

An investment of 50 million yuan will be put in place for the project by the end of this year for disposable medical supply R&D and manufacturing, as well for the construction of a workshop, warehouse, other supporting facilities, and more. Currently, the foundations of the project have been completed, and the main above-ground structure is now under construction. The entire project is expected to be completed and begin operation by June of 2023.