Sanya sees big jump in international companies, foreign trade

By Nicki Johnson / hicn.cn / Updated: 16:42,31-May-2021

​From 2018 to 2020, Sanya saw an increase of 237 international companies and 674 million USD in the actual use of foreign investment, while the value of trade import and export reached 33.229 billion yuan. The city has enjoyed a steady rise in foreign investment and trade for three years running.

Over the past three years, Sanya’s three leading industries, the tourism industry, modern service industry, and high-tech industry have all enjoyed strong growth. These three industries had non-real estate investment proportions of 45.8%, 56.1%, and 52.7% respectively, and the number of high-tech companies grew from 19 to 114.

Sanya took the lead in bringing in “zero tariff” vehicles, with 5  “zero tariff” imported yachts and sailboats clearing customs with a total value of 210 million yuan, saving the purchasers a total of 79.609 million yuan in taxes.

Between April 2018 and April 2021, Sanya signed agreements with 698 companies and registered 3,257 investment promotion companies, while 14 companies committed to setting up general headquarters in the city. Growth has been especially high since the Master Plan for the Hainan Free Trade Port’s development was published. From June 1, 2020 through April 2021, Sanya signed agreements with 481 companies, registered 1,688 new investment promotion companies, and saw an increase of 48,100 new market entities.

Sanya’s island departure duty free sales figures reached 49.23 billion yuan, showing the excellent results of Hainan’s new duty free policy. Yacht tourism continued to trend, with a total of 289,500 yacht rentals over the past 3 years. This year yachting was especially popular, with 69,000 yacht rentals a year-on-year growth of 256.23%.

Sanya Yazhou Bay Science and Technology City demonstrates the advantages of the concentration of production, study, and research facilities at the Nanfan Base as well as the policy benefits of the Free Trade Port. The Global Animal and Plant Germplasm Resources Transfer Base accomplished the first cross-border species transfer for scientific research, and quite a few agricultural companies have all opened here, including one of the world’s top ten seed companies the Sygenta Group.

The Sanya CBD Management Office has increased investment promotion efforts, exploring integrated system innovation and pushing forward the high standard construction and high quality development of the industrial park. As of the 25th of May, 1,259 companies, including Zijin Mining, China Dating Overseas Investment, and Noah Holdings have set up in the park. In 2020, the park accounted for 1.451 billion yuan in tax revenues, saw an increase of 689 companies, had fixed asset investments worth 8.2 billion yuan, and completed 120.9% of its planned annual investment.

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