Hainan's Official Portal for Global Investors
HAIKOU /China/, March 9. /TASS/. South China's Hainan province is able to increase the inflow of foreign capital thanks to the active development of a free trade port and the lifting of trade restrictions between the member states of the Regional Comprehensive Economic Partnership (RCEP). This was reported by the China News Service portal, citing a number of Chinese economists.
According to its data, the issue of attracting investors through RCEP was the focus of the experts who participated in a scientific symposium held in the administrative center of Hainan, Haikou City. As the conference participants noted, new mechanisms aimed at stimulating trade and economic cooperation will have a positive impact on the development of both the Asia-Pacific region and the entire world.
In particular, the Director of the China Institute for Reform and Development (Hainan) Chi Fulin believes that in the near future Hainan Free Trade Port should become a key link not only to expand the sphere of interaction between Chinese companies and the Association of Southeast Asian Nations (ASEAN) region, but also to boost attracting more enterprises from RCEP member countries to the Chinese market. His colleague from the Shanghai Customs Academy, Professor Huang Shengqiang, believes that the comprehensive partnership combined with the possibilities of the free trade port will noticeably accelerate the island's industrial modernization.
According to Ma Hongtao, head of the Agricultural Trade Development Center of China's Ministry of Agriculture and Rural Development, Hainan-based companies engaged in growing vegetables, fruits, meat, dairy and other food products should actively take advantage of favorable opportunities and "emphasize cooperation with ASEAN" to create international supply chains with high added value. Deputy director of the Hainan Free Trade Port Research Institute Wu Shiqun pointed out, the RCEP also offers China's southernmost province great opportunities in deep-sea projects, enabling "new breakthroughs" in this direction.
