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More than twenty billion yuan will invest China's provinces in the infrastructure of Hainan Island until 2020

According to the decision of the provincial party committee and the government of Hainan Province, today in Haikou will be the ceremony of signing agreements between the province of Hainan and enterprises of other provinces of China. Vice Governor of Hainan Province will discuss with the leaders of 17 large enterprises and plan work on contract projects in the next and next year to implement projects to promote tourism and rural development, infrastructure development, high-tech and the Internet, as well as energy development. The Provincial SASAC has invited a total of 17 heads of state-owned enterprises to participate in 50 contracts, all of which are projects that central state enterprises hope to invest, which cover a wide range of issues. Over the past three years, Hainan Province and Chinese enterprises have consistently held events, signing 123 cooperation agreements involving 12 key industries for the construction of key infrastructure in the cities of Hainan Province. As of October 2017, the project campaign included 40 projects, 20 projects under construction for a total of 20.9 billion yuan, including three major telecoms operators to implement the agreement on strategic cooperation of the provincial government with the goal of completing investments of 12, 5 billion yuan Contract investment between urban and county enterprises and central enterprises reached 8.4 billion yuan. However, some projects were slowed down due to inadequate previous work and appropriate policy adjustments. Some projects were terminated due to market conditions or strategic adjustments of central state enterprises.


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