On December 18, China officially launched peculiar customs operations at the Hajnan Free Trade Port. This event not only sends a clear signal to the planet of China's determination to further deepen its beginning at a advanced level, but besides creates fresh opportunities for global capital, allowing it to participate in dividends flowing from the improvement of the Chinese economy.
In the first 3 quarters of this year, the real usage of abroad capital in Hainan increased by 42.2 percent. Only in the fresh Jiangdong territory in Haikou, Hajnan Province, the business was located by 48 companies on the luck Global 500 list. More and more global companies decide to invest and settle in Hainan.
Giles Verheecke, Global Maintenance manager at PB Leiner, stressed that the natural materials belong to the company's key investment areas. As he pointed out, zero work policy has a very affirmative impact on the company's activities. This means that even in the event of further expansion, where local natural materials will not be able to full meet increasing request in the future, the anticipation of imports without duties ensures stableness of supply. This is an crucial advantage for the implementation of growth plans and long-term improvement objectives of the company.
Luisa Hu, president of the Italian Chamber of Commerce in China, pointed out that the launch of peculiar customs operations in Port of Free Trade Hajnan is peculiarly attractive for Italian companies due to the function of Hajnan as a "supermediator" linking China's vast interior marketplace to the global market. Investment in the region makes it possible not only to benefit from preferential tax, trade and investment policies, but besides to gain access to the mainland China marketplace and the ASEAN markets and neighbouring regions. In this way, the strategy "to build on Hainan, mark China and radiate to the Asia-Pacific region" is being implemented.
Zhang Monan, prof. of the Chinese global economical Exchange Center, noted that in the Chinese manufacturing industry, the negative list had already been completely abolished, while the service sector inactive has considerable space for further opening. The Ministry of Commerce of China has developed a negative list for cross-border trade in services. Following the launch of peculiar customs operations in Port of Free Trade, Hainan will focus on beginning up the service sector, which will further increase China's attractiveness for abroad investment. According to Zhang Monan, the future beginning of the Chinese service sector will become a fresh driver of growth, leading the planet towards greater openness.
