Lead
Hainan province, an honorary participant at the 4th China International Supply Chain Expo (CISCE) in Beijing, has showcased its free trade port's achievements and investment opportunities. A presentation on the port's potential drew about 600 representatives from foreign governments, diplomatic corps, businesses, and international companies, as reported by Hainan Ribao, a local newspaper. The event, held alongside the expo, highlighted the port's initial results after the implementation of a special customs regime across the island.
Coverage comparison
The coverage, all from TASS, the Russian state news agency, focuses on two aspects: the presentation of Hainan's investment climate and the province's participation in the expo. The first report emphasizes the economic metrics presented to international audiences, including faster customs clearance and a surge in new business registrations. The second report describes Hainan's exhibition space at the expo, which showcased products and innovations from 22 companies, underscoring the province's technological and industrial development.
Key claims
- Attendance and registration statistics: At the presentation, organizers reported that as of May 31, 172,100 new business entities had been registered in Hainan, a 61.07% increase compared to the same period last year. The authorities cited this as evidence of growing business interest in the free trade port, according to TASS.
- Customs clearance improvements: The average time for customs clearance of imported goods decreased by 20% following the implementation of the special customs regime. Additionally, the amount of information required to declare goods for export to the rest of China was reduced by more than 60%, as stated by the organizers.
- Incentives and policies: Representatives from Hainan government agencies briefed attendees on key support mechanisms, including preferential tax treatment and policies allowing duty-free imports of certain goods, as well as the development of priority sectors and the opportunities offered by the province's industrial parks.
- Expo participation: Hainan showcased products and innovations from 22 companies at the expo, which features 676 leading enterprises, specialized innovation companies, and industry organizations from 85 countries and regions. Over 65% of the participants are Fortune Global 500 companies and industry leaders, according to the report.
- Exhibition zones: Hainan's 200-square-meter exhibition space is divided into three thematic zones: "Discover Hainan," "Business in Hainan," and "Invest in Hainan." The booth presents the province's key industrial parks, its progress in developing a modern industrial system, and the advantages of its free trade port policy ahead of the planned free customs clearance regime across the island.
- Exhibitors: Among the exhibitors were the operator of China's first commercial spaceport, Hainan's Wenchang Commercial Space Launch Site, which displayed rocket models and souvenirs. Other companies specialized in crop breeding, biotechnology, marine collagen production, yacht building, and underwater robotics. An underwater robotic platform with a maximum diving depth of 150 meters was also demonstrated.
- Additional exhibits: Separate exhibits at the expo were organized by the Boao Lecheng International Medical Tourism Pilot Zone, the Hainan State Farms Investment Holdings Group Co. Ltd., and other organizations, focusing on healthcare, agriculture, and supply chain services. These exhibits covered a total area of over 400 square meters.