China on Tuesday rolled out a plan for building its southern island province of Hainan into a pilot free trade zone (FTZ).

 

本周二，中国公布将海南省打造成自由贸易试验区的计划。

 

In developing the Hainan FTZ, a major step that demonstrates China's resolution to further open up and promote economic globalization, the island will be granted more autonomy to reform, and speed up the fostering of a law-based, international, and convenient business environment as well as a fair, open, unified¹, and efficient market environment, according to the plan issued by the State Council.

 

Making full use of the advantages of piloting on the whole island, Hainan should be positioned as a pilot zone for comprehensively deepening reform and opening up, a display of the country's ecological² civilization, an international tourism and consumption center and a zone offering services and support for the country's major strategies, according to the plan.

 

Efforts should be made to pursue a more proactive strategy of opening up, accelerate the establishment of new institutions of the open economy, make new ground in pursuing opening up on all fronts, and build Hainan into a key gateway³ to the Pacific and Indian Oceans.

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