19 Sept 2011
Haikou Free Trade Zone
Facts & Figures (2010)
|Year of Establishment||1992|
|Land Area||1.93 km2|
|GDP||RMB 15.2 billion, 44.4% up|
|Major Investors||Haima Auto, Mingfang Machinery, Yangshengtang Pharmaceuticals, Zhonghe Pharmaceuticals, Bright Future Pharmaceuticals|
|Major Industries Encouraged||automobiles, information technology, bio-pharmaceuticals|
|Source of Facts & Figures||Source: Administrative Committee of Haikou Free Trade Zone|
|Introduction||Located south of downtown Haikou, Haikou Free Trade Zone (Haikou FTZ) is a state-level free trade zone set up by the State Council in 1992. Haikou FTZ is located 3 km from Haikou Port, which is Hainan’s busiest port, 18 km from Haikou Meilan International Airport and 10 km from the railway. Nanhai Road passes close to Haikou FTZ, connecting it with major highways in Hainan.
Haikou Port is a major port in the southern coastal area of China. It offers 23 international sea routes. Ships setting sail from this port can reach South Korea, Japan, Malaysia, Singapore, Thailand, Indonesia, Kuwait, Saudi Arabia and Australia.
|Investment Climate||In 2010, the gross industrial output from Haikou FTZ increased 44.4% to RMB 15.2 billion. Haikou FTZ’s pillar industries are biopharmaceuticals, information technology and automobiles. In 2010, the gross industrial output from biopharmaceuticals rose 49.53% year on year and reached RMB 3.85 billion, accounting for 25.31% of the zone’s total.
Yangshengtang Pharmaceuticals, Zhonghe Pharmaceuticals and Bright Future Pharmaceuticals are major investors in this sector. The automobile industry in Haikou FTZ is rather strong. Haima Auto, the largest enterprise in Haikou FTZ, achieved a gross industrial output of RMB 8.17 billion in 2010, more than one-half of the zone’s total gross industrial output. Haima Auto was set up by China’s second-largest auto manufacturer, First Auto Works, in 1988 when Hainan was established as a province. It has two vehicle assembly factories that have a combined output capacity of 150,000 cars per year. A third factory is under construction and will increase Haima’s total annual production capacity to 400,000.
|Winning Edge and Limitation||Winning Edge
|The Administration Committee||Address: 168 Nanhai Road, Haikou, Hainan, P.R. China 571100