4 FAQs about Hainan Free Trade Port Industrial Server Racks 2MW

What is Hainan free trade port (FTP)?

Hainan Free Trade Port (FTP) will launch island-wide special customs operations on Dec. 18. This will be a landmark move for China to unwaveringly expand high-standard opening-up and promote the development of an open world economy.

Will Hainan be China's first free trade port?

» China's Hainan Province aims at officially completing its formal customs closure operations on 18 December 2025, making it the nation's first Free Trade Port (FTP).

Is the Hainan FTP China's 'opening up in the new era'?

Touted as the country's largest experimental free trade area, and the only one designated as a “free trade port ”, Chinese President Xi Jinping recently described the December 18 launch of the Hainan FTP as China's bid at "opening up in the new era", as per a Xinhua report.

Is Hainan Island a free trade hub?

Hainan Island is rapidly evolving into a global free trade hub with significant policy support and industrial growth. In June 2020, China initiated a strategy to transform Hainan Island into a globally influential and high-level free trade port (FTP) by 2050.

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