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Chi Fulin: building a high level Hainan Free Trade Port

source:Silk Road Dialogue Committee|Release time:2021-04-14|Number of views:
Chi Fulin: building a high level Hainan Free Trade Port(图1)

Chi Fulin  President of China (Hainan) Reform and Development Research Institute
 Vice President of China Economic System Reform Research Association
 
It is a major national strategy to build a free trade port in Hainan and an important open door for China to the Pacific Ocean and the Indian Ocean. " Recently, Chi Fulin, President of China (Hainan) Reform and Development Research Institute and Vice President of China Economic System Reform Research Association, pointed out in an interview with the reporter of the People's Network power forum that the breakthrough and focus of Hainan's Free Trade port construction is to strengthen economic and trade cooperation and people to people exchanges with Southeast Asian countries. It is necessary to do a good job as the world's largest free trade port, so that Hainan will play an increasingly important role in the Pan South China Sea Cooperation and the Asia Pacific Regional Cooperation, and become a clear banner leading China's opening up in the new era.
Power Forum: where is the breakthrough to realize the strategic goal of Hainan free trade port construction?
Chi Fulin: it is a major national strategy to build Hainan Free Trade Port into an important open door to the Pacific Ocean and the Indian Ocean. The Central Government has decided to build Hainan Free Trade Port, focusing on building China's important open door to the Pacific Ocean and the Indian Ocean, which is a major national strategy. To achieve this major strategic goal is not only the historical responsibility of Hainan, but also the major strategic demand of the country.
The breakthrough and focus of Hainan Free Trade Port construction is to strengthen economic and trade cooperation and people to people exchanges with Southeast Asian countries. First, Hainan Free Trade Port should be a two-way channel for the flow of goods and elements between China and ASEAN countries; secondly, Hainan free trade port should be a platform for connecting China and ASEAN countries in terms of transfer, transaction and allocation of high-quality elements. Therefore, it will not only achieve an important breakthrough in economic and trade cooperation between Hainan free trade port and ASEAN countries, but also create important conditions for building Pan South China Sea Economic Cooperation circle.
Power Forum: what path does Hainan need to rely on to achieve a high level of opening up?
Chi Fulin: First, a high level of open policy and institutional arrangements. We should implement the policy of free and convenient trade and investment, the financial system of "Three freedoms" (cross-border capital, trade settlement, investment and financing), the tax system characterized by "zero tariff, low tax rate and simple tax system", the legal system in line with international standards and the judicial system with international credibility, and the convenient, efficient and transparent regulatory system.
Second, the signing of RCEP is a major opportunity. The signing of RCEP is a major strategic breakthrough under the specific background of economic globalization. RCEP established the principle of "zero tariff" step by step.
Third, making good use of policies is the key. We can't take the transitional policy as a long-term policy, and we can't take the phased policy as a long-term policy. Some principled policy arrangements need to create conditions to seek concrete breakthroughs. For example, due to Hainan's relatively weak economic foundation and relatively backward financial development, financial management is facing a variety of problems. At present, Hainan does not have the conditions for comprehensive financial opening. We should create conditions to walk out of the road of financial development. At the same time, we should speed up the introduction and training of a group of financial talents who understand the major and management.
Power Forum: Hainan is mainly characterized by service trade. Under the specific background of promoting high-level opening up, what are the new development opportunities and prospects?
Chi Fulin: First, develop service trade with high quality. During the 14th Five Year Plan period, with the upgrading of consumption structure and industrial structure, especially the change of science and technology, China's service trade will show a rapid development trend. In this context, modern service industry and manufacturing industry service is a prominent feature of future economic development. Hainan's service trade led industrial development is in line with the general trend of economic development. Hainan's development of tourism, modern service industry and high-tech industry is in line with the general trend of economic globalization and the development trend of service trade, and more in line with Hainan's reality.
Second, the two "trumps" of industrial development. One is duty-free shopping. Under the impact of the epidemic, duty-free shopping in Hainan Islands will double in 2020. In the future, the development of duty-free shopping market in Hainan Islands will be accelerated. Second, health care. Hainan's education and medical care are not only the basic industries, but also the top priority in the development of basic industries, which influence and drive other industries. In the future, Hainan can make a big step in education, medical and health care, which will greatly promote the development of related industries.
Third, to build a global tropical agricultural center. Tropical agriculture highly depends on advanced manufacturing industry, modern service industry and high-tech industry. Under the background of realizing "zero tariff", Hainan should combine China's advanced manufacturing industry with tropical agriculture to build an important base for the preservation, processing, storage and transportation of tropical agricultural products facing the world, especially Southeast Asia, so as to drive the revolution of tropical agricultural production mode and organization mode, and significantly enhance the added value of Hainan's tropical agriculture.
Power Forum: after building a free trade port, what suggestions do you have for the highly open Hainan free trade port?Chi Fulin: how to open Hainan free trade port at a high level? I think the first is to emancipate the mind and innovate boldly. Second, firmly grasp the strategic opportunity period. Third, improve the ability and level of making good use of policies. At the beginning of the founding of the province, the provincial Party committee and the provincial government put forward the nine word working principle of "using policies, laying the foundation, and grasping the implementation". More than 30 years later, I think this guideline is still instructive. Fourth, accelerate the formation of a first-class talent development environment.

 

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