Hainan FTP opens fast lane

Businesses swiftly capitalize on latest move to boost growth, competitiveness

As a colossal bulk carrier ship laden with 179,000 metric tons of petrochemical raw materials eased alongside the dock on Thursday morning, a clear announcement echoed across the port: "The Yangpu Maritime Safety Administration welcomes your vessel to the Hainan Free Trade Port."

The vessel was delivering the first shipment of zero-tariff imported goods as China launched island-wide special customs operations at the Hainan FTP, the world's largest by area.