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  • Beijing Review

    ECONOMY

    Apr 21, 2022 4 minutes

    FTP Construction

    Thirty-six projects worth 13 billion yuan ($2 billion) were signed on April 11 as part of efforts to develop the Hainan Free Trade Port (FTP).

    The projects cover fields including modern logistics, biomedicine, high-end manufacturing, the digital economy, offshore trade, business aviation, modern finance, and hi-tech agriculture, Hainan provincial authorities said.

    Among all, 21 relate to the biomedicine industry, which is also among the provincial capital Haikou’s main economic driving engines. By the end of last year, biomedicine was worth 37.6 billion yuan ($5.9 billion) in Haikou alone.

    The city is building itself into an

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