What should China do to build the pilot free trade zone across Hainan Island

Q: What should China do to build the pilot free trade zone across Hainan Island?

"We should focus on institutional innovation, giving Hainan more autonomy to reform, and encouraging it to be bold in experiments and make breakthroughs in reform to build a business-friendly environment that is governed by law and up to international standards, along with a fair, open, integrated and efficient market.

We need to make greater efforts to transform government functions, further streamline administration, and delegate powers, striking the right balance and optimizing services to improve our governance capacity in all sectors.

We should adopt well-conceived policies to facilitate free trade and investment, and establish a management system of pre-establishment national treatment and a negative list for foreign companies.

We will open the sectors of modern agriculture, new and high-tech industries, and modern services wider to the world, accelerate the development of trade in services, protect the legitimate rights and interests of foreign investors, and gradually open up the shipping industry.The focus will be put on sectors such as seeds, medicine, education, sports, telecommunications, the internet, culture, maintenance, finance, and shipping."

Part of the speech at a gathering celebrating the 30th anniversary of the founding of the Hainan Province and the Hainan Special Economic Zone

Source:Xi Jinping: The Governance of China III