Business statistics in Hainan Island, China: the number of entrepreneurs increased by 31.5% in 2019

Currently, the main part of the Hainan Province market continues to expand. In the first half of 2019, the number of new market entities in the province was 87,400, an increase of 31.5% year-on- year, of which 34,900 new enterprises were created, an increase of 28.6%.


The economic inflow continued to grow: in the first half of 2019, the actual use of foreign capital in the province increased 3.6 times over the same period last year, the total value of imports and exports increased by 45.6%, and the total cost of services increased by 8, 5%, of which exports of services increased by 34.3%.


 The growth rate was 19.3%, while revenues from international tourism increased by 27.6%. This fully shows that the business environment in Hainan in 2019 has improved significantly according to the official version.


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