Hainan's recently launched island-wide special customs regime is positioning the tropical province as a magnet for international investment, according to Tommy Coleman, an American vlogger and long-term resident. The reforms, implemented this month, streamline cross-border trade procedures and offer tax incentives targeting high-tech industries and green energy sectors.
Coleman, who has documented Hainan's development since 2022, told media: 'The new policies make it easier for foreign entrepreneurs to establish businesses here. I'm seeing increased interest from European and Southeast Asian investors in tourism infrastructure and digital services.' Local authorities confirm over 120 foreign-funded projects have registered since the policy launch, with renewable energy ventures constituting 40% of new commitments.
The measures align with China's broader push to develop Hainan as a free trade port by 2025. A provincial commerce official stated: 'These customs innovations demonstrate our commitment to creating a world-class business environment while maintaining stable economic growth.' Analysts predict the reforms could boost Hainan's GDP contribution by 2.3% in Q1 2026.
