On 10 June 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban areas and focus on upgrading local industries. Hainan has transformed an entire island into a unified free trade port, with its own customs, tax and regulatory system.
On 5 January 2024, the inspection area for railway freight trains at Huairou South railway station —the first railway customs clearance project of the Hainan Free Trade Port, built by the China Railway 25th Bureau Group—was completed.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
The Juba Solar Power Station is a proposed 20 MW (27,000 hp) solar power plant in South Sudan. The solar farm is under development by a consortium comprising Elsewedy Electric Company of Egypt, Asunim Solar from the United Arab Emirates (UAE) and I-kWh Company, an energy consultancy firm also based in the UAE.
Most of the electricity in the country is concentrated in Juba the capital and in the regional centers of Malakal and Wau. At that time the demand for electricity in the county was estimated at over 300 MW and growing. Nearly all electricity sources in the country are fossil-fuel based, with attendant challenges of cost and environmental pollution.
The integrated photovoltaic, storage and charging system adopts a hybrid bus architecture. Photovoltaics, energy storage and charging are connected by a DC bus, the storage and charging efficiency are greatly improved compared with the traditional AC bus.
VCG China on Thursday launched island-wide special customs operations in south China's Hainan Free Trade Port (FTP), the world's largest FTP by area, allowing freer entry of overseas goods, and expanded zero-tariff coverage and more business-friendly measures.
There is no need to go through customs formalities for goods transshipped to the rest of China at the Hainan Free Trade Port. They shall be loaded and unloaded at the workplaces (sites) under customs supervision in the free trade port, stored separately from other goods under customs supervision, and identified with obvious marks.
China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban areas and focus on upgrading local industries. Hainan has transformed an entire island into a unified free trade port, with its own customs, tax and regulatory system.
26. Phased implementation. Based on different phases of the construction of Hainan Free Trade Port, zero tariffs, low tax rates and a simplified tax system will be arranged and implemented in steps to develop an internationally competitive tax system. (9) Social governance.
Get technical specifications, product datasheets, ROI analysis templates, and 2026 energy storage subsidy policy information.
2530 Energy Park Drive, Midrand
Johannesburg 1685, South Africa
+27 11 874 5200
Monday - Saturday: 7:00 AM - 6:00 PM SAST