Key industrial parks promote construction of Hainan FTP

Industrial parks have become important platforms for the construction of Hainan Free Trade Port. In the first 11 months of 2022, a total of 108.3 billion yuan ($16 billion) in fixed asset investment was completed in key industrial parks in the Hainan FTP.

Haikou Jiangdong New Area completed an investment of 35.8 billion yuan, up 49 percent from the previous year. The Yangpu Economic Development Zone completed an investment of 22.8 billion yuan, up 31 percent year-on-year.

In terms of revenue, key industrial parks in the Hainan FTP have also maintained their rapid growth. From January to November 2022, the parks achieved a business income of 153.74 billion yuan, which is an increase of 33 percent year-on-year.

Among them, the Yangpu Economic Development Zone's revenue reached 746 billion yuan and Haikou Jiangdong New Area had a revenue of 236.4 billion yuan, a year-on-year increase of 56 percent and 17 percent respectively.

The tax revenue from key industrial parks in the Hainan FTP accounted for over 50 percent of Hainan's overall tax revenue. From January to November 2022, the parks achieved tax revenue of 62.3 billion yuan, up 16 percent year-on-year.

The Yangpu Economic Development Zone achieved tax revenue of 23.5 billion yuan, while the Hainan Ecological Software Park achieved tax revenue of 14.1 billion yuan.