China bets on province the size of Belgium to reshape global trade
Euronews.com••world
Key Points:
- As of December 2025, Hainan has become a separate customs zone and the world's largest free trade port by area, covering over 35,000 square kilometers, aiming to create a highly business-friendly environment.
- The province operates a “two-line” customs system allowing most goods to enter duty-free, with incentives for local manufacturing to add value before goods enter mainland China without tariffs.
- Hainan offers a flat corporate tax rate of 15%, lower than Hong Kong, Singapore, and mainland China, alongside relaxed regulations including broader internet access and acceptance of international pharmaceutical approvals.
- The province has expanded visa-free entry to 86 countries, including the US, Germany, and Australia, promoting itself as a major travel and business
