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Hainan

Report

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  • Erscheinungsdatum : 15.05.2021
  • Seiten : 11 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 1,35 MB
  • Sprache(n) : Englisch

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Inhalt

Starting in 2018, Hainan began its journey to become a free trade port and a key gateway to the Pacific and Indian Oceans. The island province's unique location, taxation and system advantages will bring unprecedented development opportunities for Hainan. According to the 14th Five Year Plan, Hainan will target annual economic growth of over 10% per annum and an urbanisation rate of over 65% by 2025. 
Hainan's economy is expected to exceed RMB2 trillion by 2035.
An important node in China's Belt and Road Initiative, the Hainan Free Trade Port (FTP) status is not only to help boost the island's economic development but also to help direct future reforms for the Chinese mainland. Significant changes are also afoot for Hainan's real estate market. Residential policies look to curb speculative demand but support end-use demand. The land market looks to augment commercial and industrial development, bringing with it more opportunities but also more competition. Developers should pay heed to long-term policy goals and changes and seize upon opportunities after thorough due diligence.

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