Supportive policies help Hainan consolidate its FTP status
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Hainan has emerged as a global trade hub, with its trade in goods and services skyrocketing and the actual use of foreign capital surpassing that of the previous thirty years. To consolidate its Free Trade Port status, Hainan has released more than 180 supportive policies over the past five years.
Dramatic policy U-turns and the expectation of more to come have plunged financial markets into turmoil and eroded consumer confidence, said Christopher Hodge, chief economist for the US at Natixis, to BNN Bloomberg on Tuesday.