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Local

S. China's Hainan FTP sees 139 projects launched, with over RMB40 bln inv’t on Wed.

January 14, 2021


Abstract : Construction on 139 projects with a total investment of 41.9 billion yuan (about 6.47 billion U.S. dollars) kicked off on Wednesday in south China's Hainan Free Trade Port (FTP).


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BEIJING, Jan. 14 (Xinhua) -- Construction on 139 projects with a total investment of 41.9 billion yuan (about 6.47 billion U.S. dollars) kicked off on Wednesday in south China's Hainan Free Trade Port (FTP). 

The projects cover a wide range, including industrial development, infrastructure upgrading and public service for people's livelihood.

About half of the projects are in the field of infrastructure upgrading, with an investment of 16.7 billion yuan, accounting for 40 percent of total investment. Projects in public services for people's livelihood amount to 42, with an investment of 9.2 billion yuan, accounting for 22 percent in the total investment. A total of 33 projects to boost industrial development share a total of 16 billion yuan, 38 percent of the total investment.

In terms of investment scale, there are two projects each with a total investment of more than 3 billion yuan; 8 projects each with a total investment of 1 billion to 3 billion yuan; and 56 projects each with a total investment of 100 million to 1 billion yuan. 

China released a master plan for the Hainan free trade port on June 1 last year, aiming to build the province into a globally influential, high-level, free trade port by the middle of the century.

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

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Keyword: Hainan FTP

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