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Foreign-funded enterprises optimistic about Hainan Free Trade Port amid epidemic

March 05, 2020


Abstract : At an enclosed asepsis injection production workshop in Hainan island, workers wearing protective overalls are busily working. In order to deliver the orders on time, Poly Pharm Co. Ltd. in Hainan Free Trade Port has been in intense production.

HAIKOU, March 5 (Xinhua) -- At an enclosed asepsis injection production workshop in Hainan island, workers wearing protective overalls are busily working. In order to deliver the orders on time, Poly Pharm Co. Ltd. in Hainan Free Trade Port has been in intense production.

"The government helped us find hotel for quarantining all workers returning to the island, so we can resume work and production smoothly," said Zou Yinkui, deputy general manager of the company, which have had more than 300 of its 400 employees return to work.

Poly Pharm is jointly established by companies from Taiwan, Hong Kong, Macao and Chinese. It is preparing to invest 500 million yuan to build new workshops. "The short-term impact of the epidemic will eventually pass, and we are optimistic about Hainan's development," Zou said.

Over the past few days, governments at all levels of the island province have been actively helping foreign-funded enterprises secure supply of epidemic prevention materials and resume production to stabilize confidence of foreign business.

In addition to Poly Pharm, major foreign-invested enterprises such as Shenzhou (Hainan) New Energy Co., Ltd. and Corning (Hainan) Optical Communication Co., Ltd. have resumed production.

"The outbreak does have an impact on foreign companies in the short term, but it will not affect their confidence in the Hainan Free Trade Port," said Jin Jing, director of the foreign investment management office of the Department of Commerce of Hainan Province.

Jin said the construction of key foreign investment projects is progressing smoothly, and they are also strengthening online communication for some projects in negotiation.

Boao Lecheng International Medical Tourism Pilot Zone is an important experimental field for the opening of Hainan Free Trade Zone (Port). 11 multinational pharmaceutical equipment manufacturers in the pilot zone expressed their optimism about the prospects of the free trade port development and willingness to speed up introduction of new drugs and new devices here.

According to statistics from the Department of Commerce of Hainan, the actual use of foreign investment in Hainan increased by 366.46 percent year on year in January, and 29 new foreign-funded enterprises were set up, covering trade, investment, medicine, health care, tourism, agriculture and other fields.

(Edited by Yang Qi, kateqiyang@xinhua.org)


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