Hainan Province As The New Free Trade Port

Abstract

The goal of this article is to clarify China's response to economic slowdown and intensified protectionism from Western countries, in particular that China must implement deeper and more durable economic reforms. In responding to this global threat, the Chinese Government, through President Xi Jinping, proposed a new trend of trade liberalization in China by constructing a free trade port in Hainan. The free trade port is a long-term approach in the hope of deeper integration with the global economy, particularly as the free trade port of Haina can be a connection between South East Asia and East Asia. The research approach used in this research is a qualitative method that is assisted by data collection by literature analyses, and data reduction is often carried out by data analysis. The results of this study show that, together, policies designed to promote the growth of the Hainan Free Trade Port will create an atmosphere for investment, industry, transport and systems that is reliable, competitive, stable and comfortable for all parties so that the movement of goods, labor and flow funds can be freely sustained