NDRC: constructing Hainan Free Trade Port a priority
China will steadily push forward building Hainan Free Trade Port this year and strive to make new and significant progress by 2025, according to the country's top economic regulator.
"This is a major focus for us to further expand opening-up," said He Lifeng, head of the National Development and Reform Commission.
He made the remarks on the sidelines of the ongoing two sessions on Friday.
Last June, the CPC Central Committee and the State Council released a master plan for the port, which called for establishing a basic free trade port policy system with a key focus on facilitating free trade and investment by 2025.
By 2035, the free trade port system and operations in Hainan will be more mature, and high-level process supervision will be basically constructed to achieve free trade and investment facilities, free cross-border capital flows, free and convenient transportation and access for people, and safe and orderly flow of data.
By the middle of the century, a high-level free trade port with strong international influence will be fully established, according to the plan.
- China plans 2026 pioneer satellite launch for low-latitude remote sensing constellation
- China's forest, grass coverage rate surpasses 56%: report
- LIVE: Deputies to the 14th NPC take passage interviews
- Macao establishes 4 state key laboratories: national political adviser
- Metronome and navigator: How China's five-year plans steer unprecedented modernization
- China's new five-year plan charts world's largest modernization by population
