Page 358 - 2017 White Paper
P. 358
7 White Paper on the Business Environment in China
3.5 Hainan Province
An Island ofTourism and Agriculture by the policy, the Chinese central government loosened
previous restrictions in October 2012. The minimum age
Hainan province includes over two for purchasing duty-free commodities was lowered to
hundred islands off of China’s 16, while the upper value limit for duty-free commodities
southern coast in the South China Sea, with Hainan was increased from 5, 000 yuan to 8, 000 yuan. Moreover,
Island (30 miles off the coast of Guangdong) accounting three additional categories of commodities have been
for 97 percent of provincial land area. China’s smallest added to the duty-free list, namely, beauty and health
province and largest special economic zone, Hainan care products, tableware and kitchen appliances, and
is at the same latitude as Hawaii, Bali and Phuket and toys - expanding the scope of duty-free commodities to
has developed into one of China’s prime resort areas, 21 categories.
earning the nickname “oriental Hawaii”.
In an effort to bring the huge potential of the duty-
Although the service industry accounted for 53.3 free policy into full play, construction of the world’s
percent of GDP `in 2015, Hainan also has the largest largest duty-free shopping center has begun in the
primary sector of all of China’s provinces, through the resort city of Sanya. With an investment of 3.45 billion
important contribution of its fisheries and tropical cash yuan, the Haitang Bay International Shopping Center has
crops like coconuts, pepper, coffee, tea and rubber. attracted a vast number of top-end and flagship stores
to its 125,000 square meter complex after opening in
Economy September 2014.
While many of the tourists who travel to Hainan The accumulative value of the duty-free goods
are Chinese, the government is attempting to change purchased per one-time visitor departing from Hainan
this – the State Council has announced a strategic plan Island is limited to 8,000 yuan and the allowable quantity
to make Hainan a world-class international tourist of each individual type of good is as shown in the Annex
destination by 2020. The government plans to have in below. As long as the import duty of the goods has been
place 325 tourist projects and 110 five star hotels by paid, each visitor may also purchase one product priced
the end of 2020, as stipulated in Hainan’s 13th Five Year over 8,000 yuan.
Plan. Tourists may visit the island without a visa as long
as they are part of a tour group organized by a state- Hainan Island occupies 42.5 percent of the nation’s
approved international travel agency. total tropical landmass used for agriculture, forestry,
animal husbandry and fishery. Major agricultural
The most valuable government policies issued in industries include natural rubber, coffee, tobacco,
connection with promoting Hainan as an international tropical flowers and tropical fruits such as coconuts,
tourist destination are the island’s duty-free policies, watermelons and bananas. Hainan is also developing
post-departure tax refunds, and visa exemptions for aromatic vegetables into a major industry.
tourists from 26 countries and regions.
The province is home to 70 percent of China’s
Since April 2011, tourists have been able to purchase titanium reserves and is a major salt production center.
duty-free commodities at duty-free stores in the Main exports include aquatic products, furniture and
province and leave the island by air, greatly increasing wood, electrical and electronic products, and iron and
tourism and high-end consumption. Having recognized steel. Hainan’s main import and export trading partners
the tremendous benefits brought to the local economy are the E.U., ASEAN, the U.S. and Japan.
358
3.5 Hainan Province
An Island ofTourism and Agriculture by the policy, the Chinese central government loosened
previous restrictions in October 2012. The minimum age
Hainan province includes over two for purchasing duty-free commodities was lowered to
hundred islands off of China’s 16, while the upper value limit for duty-free commodities
southern coast in the South China Sea, with Hainan was increased from 5, 000 yuan to 8, 000 yuan. Moreover,
Island (30 miles off the coast of Guangdong) accounting three additional categories of commodities have been
for 97 percent of provincial land area. China’s smallest added to the duty-free list, namely, beauty and health
province and largest special economic zone, Hainan care products, tableware and kitchen appliances, and
is at the same latitude as Hawaii, Bali and Phuket and toys - expanding the scope of duty-free commodities to
has developed into one of China’s prime resort areas, 21 categories.
earning the nickname “oriental Hawaii”.
In an effort to bring the huge potential of the duty-
Although the service industry accounted for 53.3 free policy into full play, construction of the world’s
percent of GDP `in 2015, Hainan also has the largest largest duty-free shopping center has begun in the
primary sector of all of China’s provinces, through the resort city of Sanya. With an investment of 3.45 billion
important contribution of its fisheries and tropical cash yuan, the Haitang Bay International Shopping Center has
crops like coconuts, pepper, coffee, tea and rubber. attracted a vast number of top-end and flagship stores
to its 125,000 square meter complex after opening in
Economy September 2014.
While many of the tourists who travel to Hainan The accumulative value of the duty-free goods
are Chinese, the government is attempting to change purchased per one-time visitor departing from Hainan
this – the State Council has announced a strategic plan Island is limited to 8,000 yuan and the allowable quantity
to make Hainan a world-class international tourist of each individual type of good is as shown in the Annex
destination by 2020. The government plans to have in below. As long as the import duty of the goods has been
place 325 tourist projects and 110 five star hotels by paid, each visitor may also purchase one product priced
the end of 2020, as stipulated in Hainan’s 13th Five Year over 8,000 yuan.
Plan. Tourists may visit the island without a visa as long
as they are part of a tour group organized by a state- Hainan Island occupies 42.5 percent of the nation’s
approved international travel agency. total tropical landmass used for agriculture, forestry,
animal husbandry and fishery. Major agricultural
The most valuable government policies issued in industries include natural rubber, coffee, tobacco,
connection with promoting Hainan as an international tropical flowers and tropical fruits such as coconuts,
tourist destination are the island’s duty-free policies, watermelons and bananas. Hainan is also developing
post-departure tax refunds, and visa exemptions for aromatic vegetables into a major industry.
tourists from 26 countries and regions.
The province is home to 70 percent of China’s
Since April 2011, tourists have been able to purchase titanium reserves and is a major salt production center.
duty-free commodities at duty-free stores in the Main exports include aquatic products, furniture and
province and leave the island by air, greatly increasing wood, electrical and electronic products, and iron and
tourism and high-end consumption. Having recognized steel. Hainan’s main import and export trading partners
the tremendous benefits brought to the local economy are the E.U., ASEAN, the U.S. and Japan.
358
