Caixin
May 16, 2018 07:50 PM
ECONOMY

Can Hainan Live Up to the Hype?

The Phoenix Island resort in Sanya, Hainan province, is seen on March 27. Photo: VCG
The Phoenix Island resort in Sanya, Hainan province, is seen on March 27. Photo: VCG

The central government sees grand potential in China’s southernmost province of Hainan, designated as the new frontier for the country’s economic reforms.

Plans are afoot for the island to act as a free trade zone and free trade port, to be home to sports lotteries and horse racing, to lead the country in eco-friendly development, and to have an economy driven by the service industry.

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