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How has Hainan Free Trade Port impacted employment?

China plans to turn its southernmost province of Hainan into the world’s largest free-trade port by 2025.

The Hainan Free Trade Port has had a significant impact on regional cooperation and employment due to its favorable policies and incentives for businesses. Lara Netherlands, Asia Pacific content strategist at The Moodie Davitt Report, one of the world’s largest multi-media business-to-business publishers, talked with CGTN on the status of duty-free operations in Hainan in 2023, and in what ways the Hainan Free Trade Port has contributed to employment opportunities.

Netherlands discussed visa-free agreements, offshore duty-free industry, medical tourism and rural revitalization strategies, which all influence employment by driving economic development and fostering a good environment for business growth.

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