Investment in Haikou, Hainan Island, China exceeded RMB 122.1 billion in 2020

Investment in Haikou, on the island of Hainan, China, exceeded 122.1 billion yuan in 2020, up 9.9% over the previous year. On January 13, 2021, the degradable plastics research and development platform project in the Haikou National High-tech Zone officially kicked off as one of the 139 first batches of the Hainan Free Trade Port Construction Project in 2021. Long Xiangchun, Chairman of Haikou National High-tech Zone Development Holdings Co., Ltd. said that once the R&D platform is completed, it will attract about 20 R&D companies to produce biodegradable plastics, and products will not only be supplied to local and inland territories. markets, but will also be sold to Southeast Asia, EU and other countries.


Haikou has developed a three-color red, yellow and green process control mechanism. “The green card means smooth progress according to the plan, the yellow card is a reminder of the delay, and the red card is a warning of a serious lag,” explained the person in charge of the Haikou Development and Reform Commission. The Hainan Baiju School project in Yehai is one of the projects that have received yellow cards. "After the project was demonstrated in the first quarter of last year by the Haikou Municipal Government, Haikou Municipal Education Bureau, Qiongshan District Committee, District Government and Territory Education Bureau, heads of functional government departments at all levels went to the school's project site to study.


Fu Zhao, Deputy Project Manager of China Railway Construction Group Southern Engineering Co., Ltd. said the yellow card has quickly become a green card thanks to the joint efforts of government departments and construction companies. The school will open on schedule in September 2021 of the year. In 2020, there were 189 key yellow card projects in Haikou, 67 red card projects and a total of 133 projects that turned green after the red cards were shown. ”


The relevant person in charge of the Haikou Municipality for Development and Reform stated that in the quarterly Observed and Advancement bulletin, Haikou has vigorously contributed to accelerating 382 projects under construction, including comprehensive oversight of international duty-free zones in cities and airports. In 2020, the construction of key Haikou facilities was at full capacity, and the annual investment in fixed assets amounted to 122 billion yuan, up 9.9% from last year, and the target of 1.24 billion yuan was exceeded. He Zhongyu, a member of the Standing Committee of the Provincial Party Committee and Secretary of the Haikou Municipal Party Committee, said that in 2021, all departments at all levels of Haikou must redouble their efforts, fulfill their responsibilities, overcome difficulties and take action, make every effort to do good work this year in investment and construction of Hainan Free Trade Port construction projects with high quality and high standards.


Follow the daily news of Sanya and Hainan Island in our group on facebook:


You can watch hundreds of videos of excursions on the island of Hainan here: