Hainan free trade port attracts projects worth over 5 bln USD

By / Xinhua / Updated: 17:32,07-January-2022

Aerial photo taken on Jan. 6, 2022 shows a science park under construction in Yazhou Bay of Sanya, south China's Hainan Province, a ceremony announcing the start of the construction of projects in Hainan free trade port was held here. Photo by YANG GUANYU, XINHUA.

Construction of 142 projects involving a total investment of 37.3 billion yuan (about 5.85 billion U.S. dollars) started Thursday in south China's Hainan free trade port.

The projects include 49 industrial projects, or 65 percent of the total, with a combined input of 24.4 billion yuan.

A batch of major scientific research projects were among the highlights of the announced industrial projects.

An advanced technology and industrial innovation platform is expected to be built in Hainan's Sanya, helping to integrate technology centers covering research on intelligent electromechanical equipment, marine information detection, synthetic aperture radar (SAR) micro-nano satellites and deep-sea engineering.

China's Shenergy Group plans to invest 1 billion yuan in a wind power equipment project in the Yangpu Economic Development Zone of the tropical island province. The comprehensive project will cover the fields of high-end equipment manufacturing, offshore wind power, marine pasture and seawater carbon capture. Under the framework of the project, an offshore wind turbine production line is expected to reach an annual output value of about 5 billion yuan.

China released a master plan in June 2020 to build the island province of Hainan into a globally influential and high-level free trade port by the middle of the century.

Photo taken on Jan. 6, 2022 shows a ceremony announcing the start of the construction of projects in Hainan free trade port in Sanya, south China's Hainan Province. 

Photo by YANG GUANYU, XINHUA.

Photo taken on Jan. 6, 2022 shows a ceremony announcing the start of the construction of projects in Hainan free trade port in Sanya, south China's Hainan Province. 

Photo by YANG GUANYU, XINHUA.

Aerial photo taken on Jan. 6, 2022 shows a ceremony announcing the start of the construction of projects in Hainan free trade port in Sanya, south China's Hainan Province.

Photo by YANG GUANYU, XINHUA.

Aerial photo taken on Jan. 6, 2022 shows a science park under construction in Yazhou Bay of Sanya, south China's Hainan Province, a ceremony announcing the start of the construction of projects in Hainan free trade port was held here. Photo by YANG GUANYU, XINHUA.

Discover

×

Having questions about living or working in Hainan? Leave it below. 

Our Privacy Statement & Cookie Policy

By continuing to browser our site and use the services you agree to our use of cookies, Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree