Hainan free-trade plan will help Hong Kong, not rival it, top official says
A senior Chinese official said on Monday that China’s southern province of Hainan would complement and not compete with Hong Kong, despite Beijing’s plan to turn the subtropical island into the country’s most attractive free-trade zone.“The free trade area of Hainan will have a different status, unlike that of Hong Kong,” said Lin Nianxiu, a deputy director of top state planning agency the National Development and Reform Commission. “It will focus on industries different from those in Hong Kong…
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Market news summary from South China Morning Post Market News.
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