Hainan is being transformed from one of China's poorest provinces, to a booming center for medical tourism, duty-free shopping, high-technology, and even space launches.
Hainan's corporate tax rate is one of the lowest in the world, and the entire island has been designated a free-trade zone. Post-pandemic, tourism is surging, up 50% year over year.
Resources and links:
Hainan cements status as duty-free shopping mecca
jingdaily.com/posts/hainan-ce...
2024 Hainan Travel Retail Whitepaper
kpmg.com/cn/en/home/insights/...
Hainan Free Trade Port’s New Preferential Tax Policies: How do They Apply
www.china-briefing.com/news/h...
Негізгі бет Ғылым және технология Low taxes, tourism drive Hainan FTZ boom, with ambitions to replace Singapore as global trading hub
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