China bets on province the size of Belgium to reshape global trade 😊
China bets on province the size of Belgium to reshape global trade 😊
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As of December 2025, Hainan has become a separate customs zone, establishing itself as the world's largest free trade port. This move contrasts with global protectionism, aiming to replicate Singapore's success. The new customs operations signify a major restructuring of Hainan's interaction with international markets, potentially making it the most business-friendly jurisdiction globally. The province operates under a two-line customs system, facilitating trade while maintaining domestic security. Hainan's strategic plans include a flat corporate tax rate of 15%, relaxed regulations, and expanded visa-free entry, positioning it as a gateway to Asia-Pacific markets amidst global economic uncertainties.