China is accelerating the construction of the Hainan Free Trade Port to encourage higher-level opening-up.
Hainan, as China's southernmost island province, has been making progress in high-level opening-up and high-quality development by increasing efforts to transform itself into a free trade port (STL) since 2018, CCTV reported.
On April 2018, 13, China decided to transform the entire island of Hainan into a pilot free trade zone and gradually explore and steadily promote the establishment of the free trade port.
On Saturday, the fourth China International Consumer Products Expo opened in Haikou, the capital of Hainan, showcasing China's willingness and initiative to share open opportunities with global brands.