Page 170 - AmCham South China 2026 Special Report on the State of Business in South China

to grow the asset management scale of the Sanya on seizing strategic opportunities under the
Central Business District¡¯s modern finance cluster Maritime Silk Road and Free Trade Zone initiatives
to nearly RMB600 billion (US$83.59 billion) by 2027. and building two key platforms: an export
processing base for petrochemical products and
? The province will also establish itself as an an international energy trading center serving
innovation hub for the digital economy, leveraging Southeast Asia.
blockchain, AI and big data technologies to upgrade
digital health, digital entertainment and sharing In the 27 years of development and construction
platforms. It will actively develop game publishing, for the Yangpu Economic Development Zone, a
data processing, semiconductor and integrated number of key projects with advanced technology,
circuit industries, with core digital economy high-added value and high environmental
industries projected to achieve RMB220 billion in protection levels have been completed. It
revenue by 2027. has become a leader in Hainan¡¯s industrial
development and the growth of foreign trade.
? The action plan also calls for enhancing 20 domestic and foreign trade routes have been
the petrochemical and advanced materials opened. The zone has preliminarily established a
industry while strengthening the green and low- route framework with Yangpu Port serving as the
carbon sectors. It aims to drive high-quality international transit port. Domestic trade routes
development in deep-sea industries while connect domestic coastal ports in regions such as
accelerating the establishment of a complete the Beibu Gulf, Yangtze River Delta, North China
commercial aerospace supply chain, including the and Northeast PRD. Foreign trade routes connect
construction of satellite super factories and rocket to southeast Asian countries and regions such as
manufacturing centers. Vietnam, Singapore, Malaysia and Myanmar.

In 2024, the total import and export volume
Special economic zones of goods in Yangpu reached RMB129.4 billion, up
20% YoY . Australia, Russia and the United Arab
137
Hainan Yangpu Economic Development Emirates were the top three trading partners and
Zone the foreign trade of emerging markets has seen
rapid growth.
The Yangpu Economic Development Zone is a
138
state-level development zone established under a Yangpu Port Master Plan (2024-2035)
bonded area policy approved by the State Council opens up a new stage of development
in 1992. Located on the Yangpu Peninsula in
northwestern Hainan, the zone initially covered Yangpu is now one of China¡¯s 30 port-type
31 km . In 2007, the State Council approved national logistics hub host cities and is the only
2
the establishment of the Yangpu Bonded Port, such hub centered on the Hainan FTP. The Yangpu
spanning 9.2 km . In July 2012, the State Council Port Master Plan (2024-2035), which announced by
2
approved adjustments to adjoining development the end of 2024, aims to establish a regional ship
zone parcels, and in October 2013, the Hainan refueling center for the Beibu Gulf and a two-way
Provincial Party Committee and the Hainan procurement center for domestic and international
Provincial People¡¯s Government placed Sandu customers by the end of 2027. By 2035, the port¡¯s
Town in Danzhou under Yangpu¡¯s jurisdiction. annual throughput will reach 225 million tons,
The planned area for the Yangpu Economic becoming a fully functional international hub port
Development Zone is 120 km with a population that connects the world, is free and convenient,
2
of 100,000. The Yangpu Economic Development open and inclusive, safe and efficient, intelligent
Zone is to develop into ¡°one port and three bases¡±,
i.e., ¡°a shipping hub port, a petrochemical base, an 137 Government site of Yangpu, https://yangpu.
hainan.gov.cn/yangpu/zwdt/202501/6f492da75ab5411
integrated pulp-paper production base and an oil 19364468b062b4e2b.shtml
and gas reserve base oriented to southeast Asia¡±. 138 Government site of Yangpu, https://yangpu.hainan.
Yangpu¡¯s industrial development strategy focuses gov.cn/yangpu/0400/202502/b90f601047c44627b0b4b6c-
2f4ac201d.shtml

170 171