ASSESSMENTS
China Puts an Economic Backwater in the Spotlight
May 2, 2018 | 15:20 GMT

A raft of regulatory, financial and infrastructural work lies ahead for the Chinese government as it seeks to transform Hainan province into China's first free trade port.
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Highlights
- Beijing will establish its first free trade port in the southern island province of Hainan.
- The choice of Hainan, whose economic performance has lagged that of much of the rest of China, emphasizes the central government's priority on boosting the country's underdeveloped areas.
- A weak economy and political isolation may make Hainan more willing to accept central government dictates as it shapes regulatory, financial and trade policies for the port.
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