KUALA LUMPUR, Jan 22 — The People’s Government of Hainan Province last year actively promoted the construction of the free trade zone and free trade port.
The province’s economic society showed steady progress, better structure, stronger momentum, improved benefits and more sustainable high-quality development.
Last year, Hainan’s export-oriented economic development and transformation achieved positive results, bringing a lot of highlights and vitality to the development of foreign investment, foreign trade and other fields.
In addition to Hong Kong, Singapore and the United States (US), foreign direct investment in Hainan Province from Germany, Canada and other developed regions in Europe and the US also achieved breakthroughs.
For tropical agricultural development, Hainan actively facilitated the integration of primary, secondary and tertiary industries and put emphasis on the three pillar industries of rubber, coconut and betel nut, and the research, development and production of winter fruits and vegetables.
Hainan’s Internet industry was developing rapidly, and its support for key industries and major projects was strengthened in terms of the financial industry.
The province also actively developed emerging land, sea and air industries, extending the oil and gas industry chain and expanding the development space of the pharmaceutical industry.
In terms of tourism, Hainan received 83.112 million domestic and foreign tourists in 2019, bringing the total tourism revenue to RMB 10.578 million. Among them, 1.4359 million inbound tourists were received, up 13.6 per cent year on year. (RMB 100 = RM59.06)