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On January 13th,the third press conference on the achievements of Hainan’s “13th Five-Year Plan” was held in Haikou, with the theme of “Marked Effects of Economic Structural Adjustment”. The spokesman gave a brief introduction to the highlights of the operation of the economy during Hainan’s “13th Five-Year Plan (2016-2020)”, as well as the development of domestic and foreign investment, consumer spending, foreign trade, and other fields.
1.1 Steady investment growth has basically taken shape.
In April 2020, the province’s fixed investment growth rate achieved positive growth for the first time in 22 months, and the growth continued for eight consecutive months as of November of that year.
1.2 The investment structure has been gradually optimized.
In 2016, real estate investment accounted for 47.7% of fixed asset investment in Hainan Province, while the proportion dropped to 39.2% from January to November 2020, a reduction of 8.5 percent.
1.3 Private investment became more active.
2.1 The commodity structure has been continuously optimized.
The import of duty-free goods has become a new foreign trade growth point. Imports of duty-free goods in the first 11 months of 2020 were 21.09 billion yuan, a year-on-year increase of 96.5%.
2.2 There has been new progress in the new trade pattern
In the first 11 months of 2020, cross-border e-commerce imports across the province totaled 457 million yuan, an increase of 531.2%.
In the past five years, in terms of service trade, the province has seen an average growth rate of 11.85%, as well as remarkable effects on industrial innovation.
2.3 Both quantity and quality have been improved.
2.4 Emerging services have seen rapid development.
3.1 The structure of the foreign investment industry has been constantly optimized.
According to preliminary statistics, in 2020, newly established foreign-funded enterprises in the modern service industry accounted for about 90% of the yearly total.
3.2 Sources of foreign investment became more diversified.
In 2020, there were 80 countries and regions investing in Hainan, doubling last year's numbers. Investors basically cover all G20 member states, all RCEP partner countries except Brunei, 15 EU countries including France, Germany, and Italy, and nearly half of the 65 countries along the “Belt and Road”.
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