China's Hainan Free Trade Port (FTP) has been positioned as a cornerstone of the nation's economic strategy, with Foreign Ministry spokesperson Lin Jian declaring it a pivotal gateway for high-standard opening-up during a December 23 press briefing. The announcement follows the recent implementation of island-wide special customs operations, marking a significant milestone in the region's development.
"Hainan has left a deep mark on China's reform and opening-up trajectory," Lin stated, emphasizing China's commitment to countering global economic uncertainties through concrete actions. The spokesperson outlined key measures including the removal of manufacturing sector barriers on foreign investment negative lists and zero-tariff treatment for 100% of tariff lines extended to least developed countries with diplomatic ties to China.
New data reveals robust economic momentum, with over 60,000 foreign-invested companies established in China between January and November 2025—a 17% year-on-year increase. Total goods trade surpassed 41 trillion yuan ($5.81 trillion), growing 3.6% compared to 2024. Lin confirmed that expanding openness remains a top priority for 2026, with plans to create new global development opportunities through enhanced cooperation.
