国产av不卡一区二区_欧美xxxx做受欧美_成年人看的毛片_亚洲第一天堂在线观看_亚洲午夜精品久久久中文影院av_8x8ⅹ国产精品一区二区二区_久久精品国产sm调教网站演员_亚洲av综合色区无码一二三区_成人免费激情视频_国产九九九视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Chinese Perspectives

Hainan Free Trade Port will reshape trade flows in region and beyond

By LI SHIJIE | CHINA DAILY | Updated: 2025-12-18 07:33
Share
Share - WeChat
Yachts and motorboats shuttle near an island in Sanya, Hainan province, on Aug 3. YE LONGBIN/FOR CHINA DAILY

For decades, foreign investors entering China have asked a familiar question: where are the incentives, and how long will they last? With the launch of an island-wide special customs operation at the Hainan Free Trade Port (FTP), the question has now changed to: where are the ecosystems, and how deeply can businesses embed themselves within them?

The island-wide special customs operation at China's Hainan FTP is not just a routine customs adjustment, nor another round of preferential policies. It marks a decisive step in the country's institutional opening-up, redesigning how global capital connects with China's dual circulation development model — one that balances international openness with the strength of the domestic market.

Under the framework is a clear institutional logic: "freer access at the first line, regulated access at the second line, and free flow within the island". In practice, Hainan FTP operates approaching "inside the territory but outside the customs border". For foreign enterprises, this arrangement offers something more beneficial than short-term incentives: a stable interface through which they can simultaneously engage global markets and China's vast domestic demand. For domestic firms, it provides a gateway to global resources, technologies and capital flows. Hainan FTP's strategic value lies precisely in this intersection, making it a functional node where the two circulations meet and reinforce each other.

Policy incentives still matter, but they have now become enablers rather than end goals. With the island-wide special customs operation now in place, the combination of zero tariffs, low tax rates and a simplified tax regime has significantly lowered operational costs. Around 74 percent of products will be included in the zero-tariff list, covering nearly all production equipment and most raw and auxiliary materials. And this share is expected to rise further. Together with Hainan FTP's 15 percent corporate tax rate, this creates one of the most competitive environments in China.

More important is how these policies are reshaping trade flows. Benefiting from "freer access at the first line" under the special customs operation, foreign firms can use Hainan FTP as a base for production, storage, assembly and delivery for the Asia-Pacific and global markets. Under "regulated access at the second line" they can also access China's mainland through the policy allowing duty-free domestic sales of processed goods with at least 30 percent value added. The result is a practical dual circulation loop: global sourcing, Hainan FTP processing and nationwide distribution. This is not a slogan, but a practical operational model.

Financial openness reinforces this transformation. Hainan FTP's electronic fence account system integrates domestic and foreign currency management, allows free cross-border transfers across the first line and applies macro-prudential regulation across the second. For multinational corporations, this makes Hainan FTP an attractive location for regional or functional headquarters. For domestic enterprises, platforms built on EF accounts provide access to internationalized financial services. By linking the "external circulation" of capital through EF accounts with the "internal circulation" conducted via ordinary accounts, Hainan FTP effectively pools domestic and international capital to support real-economy investment and trade activities.

The deeper shift lies in how foreign investment is positioned within Hainan FTP's industrial landscape. Policy design now encourages foreign firms to move beyond isolated projects and become long-term ecosystem participants. Measures such as the combined calculation of value-added rates across upstream and downstream enterprises, and the exclusion of locally sourced goods from material cost calculations, reward the use of local suppliers and the formation of closed-loop supply chains within the island. Over time, foreign investment is expected to extend across the full value chain — from research and development to manufacturing, sales and services — embedding itself within Hainan FTP's modern industrial system.

The zero tariffs and low taxes are already attracting high-tech industries such as biomedicine, low-carbon manufacturing, deep-sea equipment and the digital economy. The emerging pattern is research-led development, integrated processing and a combination of export and domestic sales. In modern services, special measures to relax market access — covering health care, education, finance, telecommunications, shipping and logistics — lower entry barriers through post-entry national treatment and a streamlined negative list for cross-border services trade.

Crucially, the dividends of the FTP do not stop at Hainan's shoreline. Through policy coordination with free trade pilot zones in the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, and the Beijing-Tianjin-Hebei region, the Hainan FTP serves as an opening-up gateway for the entire country.

At a deeper level, Hainan FTP's significance lies in its role as a testing ground for rule-based, institutional opening-up. It has aligned market access, competition policy and regulatory standards with high-standard international economic and trade rules. The FTP has the shortest negative list for foreign investment nationwide, pioneers a commitment-based entry system and embodies the principle that everything which is not forbidden is allowed. A dedicated encouraged industries catalogue signals long-term policy orientation rather than temporary preference.

At a time of global trade fragmentation and rising protectionism, the Hainan FTP sends a clear signal: China's high-level opening-up is becoming more institutional, predictable and integrated with domestic development. For global investors, the implication is equally clear. The future of engagement with China will depend less on chasing isolated incentives and more on building durable positions within evolving industrial ecosystems — and Hainan FTP offers a compelling preview of what that future may look like.

The author is a professor at the School of Economics of Nankai University.

The views don't necessarily reflect those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.


Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
欧美午夜精品电影| 国产女主播在线写真| heisi视频网在线观看| 九九九九热精品免费视频| 美女福利视频一区二区| 91国内精品久久| 欧美极品少妇xxxxⅹ喷水 | 国产在线不卡一区| 狠狠色丁香婷综合久久| 麻豆专区一区二区三区四区五区| 视频一区在线播放| 人人狠狠综合久久亚洲| 蜜臀久久99精品久久久久宅男| 久久久久久久高潮| 视频一区二区不卡| 欧美a级理论片| 青青草一区二区三区| 裸体在线国模精品偷拍| 久99久精品视频免费观看| 美女任你摸久久| 激情欧美一区二区三区在线观看| 精品一区二区免费视频| 国产一区二区福利| 高清shemale亚洲人妖| 成人美女视频在线看| 99热99精品| 久久免费的精品国产v∧| 国产偷国产偷亚洲高清人白洁| 国产精品全国免费观看高清 | 亚洲少妇屁股交4| 亚洲精品欧美二区三区中文字幕| 亚洲一区二区欧美日韩| 欧美日韩在线影院| aa国产精品| 欧美男男tv网站在线播放| 亚洲一区二区三区四区五区午夜| 93在线视频精品免费观看| 久久美女视频| 亚洲性视频h| 欧美在线综合| 国内精品不卡在线| av一区二区不卡| 国产欧美日韩精品一区| 亚洲欧洲日韩av| 亚洲成人第一页| 色88888久久久久久影院野外 | 搞黄在线观看| 老司机aⅴ毛片免费观看| 男人天堂午夜在线| 成人影院免费观看| 欧美巨大xxxx做受沙滩| gogo亚洲高清大胆美女人体| 日韩久久一区| 日韩影视高清在线观看| 999国产精品999久久久久久| 亚洲大片在线| 激情深爱一区二区| 久久一夜天堂av一区二区三区| 亚洲欧洲色图综合| 色综合网站在线| 日韩久久久久久| 在线播放日韩专区| 高清欧美电影在线| 国产免费自拍视频| 美女av电影| 九九在线视频| free性欧美| 大胆国模一区二区三区| 国产区精品区| 91久久视频| 国产麻豆精品theporn| 国产三级精品视频| 午夜精品福利在线| 日韩视频一区在线观看| 亚洲一区二区福利| 91精品国产乱码久久久久久久久 | 欧美午夜电影一区| 亚洲精品成人av| 欧美极品少妇与黑人| 久久精品国产亚洲777| 色婷婷亚洲十月十月色天| 国产最新视频在线观看| 黄色18在线观看| 最新精品在线| 欧美激情综合| 国产精品一区2区| 中文字幕永久在线不卡| 欧美性极品少妇| 亚洲视频在线看| 美女福利视频一区二区| av资源在线看| 成全电影播放在线观看国语| 2022成人影院| 免费视频国产一区| 久久综合亚州| 久久久精品2019中文字幕之3| 无吗不卡中文字幕| 精品国一区二区三区| 欧美日韩aaaa| 特一级黄色片| 日av在线播放| 欧美va在线观看| 精品无人区麻豆乱码久久久| 日韩高清中文字幕一区| 国产欧美日韩精品一区| 欧美日韩精品一区二区三区四区 | 蜜桃视频在线观看www社区| 九九九伊在线综合永久| 日韩精品水蜜桃| 久久精品国产精品亚洲红杏| 国产精品久久久久影院老司 | 亚洲图片在区色| 欧美一级电影免费在线观看| h网在线观看| aaa在线观看| 精品福利在线| 亚洲人成免费网站| 国产成人精品1024| 午夜日韩在线电影| 国产丝袜一区视频在线观看| 日本一本久久| 日本24小时在线高清视频| av免费不卡国产观看| 亚洲a级精品| 喷水一区二区三区| 亚洲男人天堂av| 亚洲成人av中文字幕| 中文字幕你懂得| 黄网站app在线观看下载视频大全官网 | 国内精品免费视频精选在线观看| 自拍av在线| 天然素人一区二区视频| 亚洲国产成人精品女人| 成人免费高清在线观看| 欧美优质美女网站| 欧美成人精品在线| 成人黄网大全在线观看| 美女精品视频| 深爱激情久久| 国产成人精品一区二区三区网站观看| 亚洲成a人片综合在线| 亚洲日本中文字幕| 2023国产在线观看| 中文日本在线观看| 大桥未久女教师av一区二区| 日韩精品亚洲一区二区三区免费| 亚洲视频在线一区观看| 日韩精品亚洲精品| 国产福利免费观看| 蜜桃视频在线观看www社区 | 亚洲韩国青草视频| 欧美五级在线观看视频播放| 青青久在线视频| 成人日韩视频| 午夜一区不卡| 亚洲综合网站在线观看| 在线看日韩欧美| 黄色三级小视频| 成人性生交大片免费看网站| 日韩精品一区二区三区免费观看| 成人黄色a**站在线观看| 欧美色偷偷大香| 91超碰中文字幕久久精品| 黄页网址大全在线观看| 欧美成人艳星乳罩| 精品人在线二区三区| 在线观看亚洲电影| 五月天天在线| 中文字幕一区二区三区中文字幕 | 亚洲激情网站| 亚洲精选视频在线| 最近2019好看的中文字幕免费| 美女激情视频网站| 理论片午夜视频在线观看| 女人香蕉久久**毛片精品| 中文一区一区三区高中清不卡| 亚洲成人免费在线视频| 在线免费观看www| 69xxx在线| 亚洲啊v在线观看| 亚洲国产成人一区二区三区| 日韩精品在线观看网站| 成品网站w灬+源码1| 精品极品在线| 亚洲国产mv| 亚洲成人av资源| 欧美精品videossex88| 在线午夜视频| 一区二区三区视频播放| 国产精品综合在线视频| 欧美日韩高清在线播放| 欧美老**bbbb毛片| 在线观看中文| 欧美福利专区| 亚洲一区二区三区自拍| 欧美韩国理论所午夜片917电影| 26uuu久久综合| 在线免费观看日本欧美| 好男人官网在线观看| 成年人视频在线观看免费| 久久91成人| 国产婷婷色一区二区三区| 亚洲日韩中文字幕| 国产天堂av| 午夜精品在线| 成a人片亚洲日本久久| 亚洲国产欧美一区| 色aⅴ色av色av偷拍| 精品美女一区| 激情av综合网| 精品少妇一区二区三区日产乱码 | 亚洲成人av电影| 97在线观看免费高清| 第一视频专区在线| 欧美国产偷国产精品三区| 17c精品麻豆一区二区免费| 日韩在线视频免费观看| 中文字幕在线免费专区| 亚洲激情播播| 中文字幕av一区二区三区高| 久久精品久久久久| 日本一区视频| 色天天久久综合婷婷女18| 亚洲人成网站精品片在线观看| 欧美日韩国产123| av资源在线观看免费高清| 91精品亚洲| 午夜天堂影视香蕉久久| 国产毛片精品视频| 国产精品二三区| 欧美激情按摩在线| 日本在线免费网| 亚洲私拍自拍| 在线区一区二视频| 在线观看wwww| 日韩成人综合网| 成人午夜免费av| 在线观看欧美日韩| 男操女在线观看| 亚洲乱码在线| 91激情在线视频| 尤物在线观看| 2019中文亚洲字幕| www国产精品av| 精品国产美女在线| eeuss影院www在线播放| 伊人久久成人| 欧美日韩在线电影| xxx电影网| 超碰在线成人| 欧美激情一二三区| 国语自产精品视频在线看抢先版图片 | 精品成人一区二区三区四区| 国产精品久久久久久精| 五月综合久久| 亚洲精品国产第一综合99久久 | 黄色91在线观看| 国内精品麻豆| 国产aa精品| 国产色婷婷亚洲99精品小说| 久久久伊人日本| 久草在线资源站资源站| 奇米影视一区二区三区小说| 亚洲国产成人久久综合| 伊人精彩视频| 91中文字幕精品永久在线| 色欧美乱欧美15图片| 青青草娱乐视频| 国产精品久久久网站| 最新中文字幕一区二区三区| 久久免费区一区二区三波多野| 韩日精品一区二区| 成人精品电影在线观看| 久久精品99久久久久久久久| 久久久久久久久免费视频| 日本欧美大码aⅴ在线播放| 日韩二区三区在线| 黄色片免费在线| 亚洲深夜影院| 亚洲黄色www| 毛片在线播放网址| 国产视频一区免费看| 精品88久久久久88久久久| 亚洲夫妻av| 激情综合久久| 精品国产乱码久久久久久蜜臀 | 蜜桃视频成人m3u8| 99riav一区二区三区| 欧美极品少妇xxxxⅹ免费视频| 激情aⅴ欧美一区二区欲海潮 | 欧美激情在线视频二区| 欧美三级网站| 91美女在线视频| 美女脱光衣服与内衣内裤一区二区三区四区| 亚洲免费福利| 久久久91精品国产一区二区精品 | 亚洲成av人片在线| 好吊色免费视频| 精品美女久久| 欧美无乱码久久久免费午夜一区| 116极品美女视频在线观看| 999精品视频| 91精品国产综合久久精品麻豆| 啦啦啦啦免费高清视频在线观看1| 精品电影一区| 日韩高清欧美高清| 日本中文字幕在线观看| 国产一区二区三区在线观看免费| 久久久av电影| 久久久欧美精品| 天天色综合6| 欧美韩日一区| 日韩一区二区三区在线观看| 手机福利在线| 青青青爽久久午夜综合久久午夜| 日韩在线欧美在线| 理论片午夜视频在线观看| 国产调教视频一区| 国产又粗又长| 亚洲高清极品| 欧美日韩成人综合天天影院| 在线免费激情视频| 日本成人在线视频网站| www.亚洲人.com| 成人性生交大片免费观看网站| 国产日产欧美一区二区视频| 国产又爽又黄又刺激的软件| 综合国产视频| 欧美久久久久久久久中文字幕| 在线观看免费国产小视频| 丝袜美腿亚洲一区二区图片| 精品国模在线视频| 美女100%一区| 亚洲精品五月天| 免费av小说| 国产综合欧美| 一本色道久久综合狠狠躁篇的优点| 男女在线观看视频| 欧美国产丝袜视频| 免费网站你懂的| 一级欧洲+日本+国产| 日韩av在线免费观看| 免费在线观看av电影| 国产午夜精品久久| 人与牲动交xxxbbb| 你懂的视频一区二区| 亚洲人成在线电影| 在线观看特色大片免费视频| 成人欧美一区二区三区| 天天搞夜夜操| 新67194成人永久网站| 久热精品视频在线| 亚洲青青久久| 亚洲高清中文字幕| h视频免费观看| 亚洲人成久久| www.久久色.com| 96sao精品免费视频观看| 色一区在线观看| 四虎永久在线| 男女性色大片免费观看一区二区| 久久国产精品影片| 日本在线视频一区二区三区| 亚洲一区二区三区四区在线免费观看 | 影音先锋国产| 日韩久久久久| 亚洲视频在线看| 国产一区二区三区四区五区3d | www操com| 国产精品永久| 亚州av一区二区| 一本久久青青| 日韩av综合网站| 日韩免费电影| 色综合一区二区三区| shkd中文字幕久久在线观看| 91免费视频网址| 很黄很色网站| 久久久www| 天天操中文字幕视频| 欧美亚洲在线日韩| 亚洲无限av看| 成人激情久久| 日韩一区二区电影| 日本在线播放一二三区| 黄色一区二区三区| 在线免费观看黄色av| 中文字幕巨乱亚洲| 国产男女爽爽爽| 国产一区三区三区| 国产成人的电影在线观看| 在线看片成人| 国产69精品久久久久9999| 最新国产精品视频| 亚洲人成啪啪网站| 亚洲国产一区二区久久| 69成人精品免费视频| 免费网站在线观看人| 亚洲成人精品一区二区| 高清国产福利在线观看|