HONG KONG / MUMBAI - HNA Group Co, the airline, shipping and hotel group backed by the government of Hainan province, is among the companies bidding for luxury-hotel chain Amanresorts International Pte, said two people with knowledge of the matter.
More than 200 new energy vehicles were put on the streets of Haikou, capital of South China's Hainan Province, on Sunday for the public transport system of the city.
FUZHOU - Hainan province, in the southernmost corner of China, has successfully embraced the opening-up policy, with its export-oriented economy growing rapidly since the special economic zone was established 23 years ago.
Overseas investment by enterprises in south Hainan Province has totaled $400 million in the first seven months of this year, sources with the provincial Department of Commerce said Sunday.
The China-ASEAN Free Trade Area, which officially opened in January 2010, has witnessed rapid growth in bilateral trade and cooperation in the pan-Beibu Gulf region, and has become a model of China-ASEAN cooperation.
The offshore tax-free scheme kicked off on a trial basis across Hainan from April 20, and was formally launched on May 1. Up to Aug 10, the tax-free shop in Sanya has received over 1.3 million customers and more than 340,000 deals have been made.[
Dubbed the "Hawaii of the East", China's southern island of Hainan is a much-visited destination. It has become even more sought-after with the launch of the tax-rebate policy, which allows overseas travelers and visitors from Taiwan, Hong Kong and Macao to apply for an 11 percent tax rebate of their total purchases when departing from the island,this year.
Political advisers in South China's Hainan province urged authorities to levy taxes on vacant homes in popular travel destinations to discourage speculation and cool the island's overheated property market.
Hainan opened a second duty-free store on Wednesday, following the success of the first, which since April has boosted domestic tourism to the province in South China.
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