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POLITICS & LAW

Xi Says Hainan FTZ Shows China Reform and Opening Up Commitment

Chinese president Xi Jinping at an exhibition in Haikou, Hainan province, on Friday to mark the 30th anniversary of the launch of the island as a special economic zone. Photo: Xinhua
Chinese president Xi Jinping at an exhibition in Haikou, Hainan province, on Friday to mark the 30th anniversary of the launch of the island as a special economic zone. Photo: Xinhua

The ruling Communist Party has given the go-ahead to a plan to turn the southern island province of Hainan into a free trade zone (FTZ) to facilitate further reform and opening up of the world’s second largest economy.

The decision was announced Friday by Chinese President Xi Jinping during a celebration in Haikou, the province’s capital, to mark the 30th anniversary of the launch of the island region as a special economic zone.

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