2020年CRI Hainan aims to build a free trade pilot zone by 2020

 

Experts from a major economic think tank say the construction of the Hainan free trade zone will further boost China's reform and opening up.

In October 2018, China rolled out a plan for establishing Hainan as a pilot free trade zone, the 12th of its kind and the largest among its peers.

The plan is to build a high-standard free trade zone by 2020 in the southern Chinese island province.

According to experts from the China Center for International Economic Exchanges, Hainan's ambition to set up a free trade port will face several hurdles¹, such as relatively² weak economic foundation, an unsophisticated industrial structure and an immature³ market.

The center's chief researcher Zhang Yansheng suggests the island should learn how to seize opportunities amid challenges.

"We should work with first-class universities and talents, as well as top-tier innovative⁴ enterprises not only from China, but also from the rest of the world. Domestically speaking, Hainan should position itself as a competitor of Shanghai and Hong Kong, to develop modern services, tourism, health care, environmental protection and high-tech⁵ industries."

Generally speaking, free trade ports usually feature free flow of goods, capital, personnel and service. They are also endowed with a competitive tax mechanism⁶ and an efficient legal system.

Because of this, Li Jinbo from the center's industrial planning department says Hainan should be a pioneer in key areas, such as institutional arrangements and governance structure.

"In terms of people flow, foreigners should get the visa upon their arrivals if they come to Hainan for travel or business; detailed⁷ regulations should also be in place to facilitate them if they work or live there. In terms of capital, we should establish the mechanism for enterprises' bankruptcy⁸ liquidation⁹ and restructuring as well as exit strategy. What's more, we should take a lead in deepening the reform of judicial¹⁰ system in the field of intellectual property rights."

Li Feng, an industrial planning researcher, suggested that Hainan Free Trade Port should establish an investment system focusing on high-quality development and a financial system focusing on cross-border finance.

"We should implement¹¹ the highest standard of market access, and abolish the access restrictions¹² for foreign investment in industries such as finance, environmental protection, transportation, and shipping¹³. At the same time, we should simplify the business registration¹⁴ procedures, and establish a sound financial supervision¹⁵ and risk prevention mechanism."

As part of the free trade zone development plan, Hainan will also try to become China's gateway¹⁶ to the Pacific Ocean and Indian Ocean, and a trailblazer in ecological¹⁷ civilization and international tourism.

1 hurdles   

n.障碍( hurdle的名词复数 )；跳栏；（供人或马跳跃的）栏架；跨栏赛

参考例句：

• In starting a new company, many hurdles must be crossed. 刚开办一个公司时，必须克服许多障碍。 来自《简明英汉词典》
• There are several hurdles to be got over in this project. 在这项工程中有一些困难要克服。 来自辞典例句

2 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

3 immature   

adj.未成熟的，发育未全的，未充分发展的

参考例句：

• Tony seemed very shallow and immature.托尼看起来好像很肤浅，不夠成熟。
• The birds were in immature plumage.这些鸟儿羽翅未全。

4 innovative   

adj.革新的，新颖的，富有革新精神的

参考例句：

• Discover an innovative way of marketing.发现一个创新的营销方式。
• He was one of the most creative and innovative engineers of his generation.他是他那代人当中最富创造性与革新精神的工程师之一。

5 high-tech   

adj.高科技的

参考例句：

• The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展，这就使对高科技服务的需求量也在加大。
• The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。

6 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

7 detailed   

adj.详细的，详尽的，极注意细节的，完全的

参考例句：

• He had made a detailed study of the terrain.他对地形作了缜密的研究。
• A detailed list of our publications is available on request.我们的出版物有一份详细的目录备索。

8 bankruptcy   

n.破产；无偿付能力

参考例句：

• You will have to pull in if you want to escape bankruptcy.如果你想避免破产，就必须节省开支。
• His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。

9 liquidation   

n.清算，停止营业

参考例句：

• The bankrupt company went into liquidation.这家破产公司停业清盘。
• He lost all he possessed when his company was put into liquidation.当公司被清算结业时他失去了拥有的一切。

10 judicial   

adj.司法的，法庭的，审判的，明断的，公正的

参考例句：

• He is a man with a judicial mind.他是个公正的人。
• Tom takes judicial proceedings against his father.汤姆对他的父亲正式提出诉讼。

11 implement   

n.(pl.)工具，器具；vt.实行，实施，执行

参考例句：

• Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
• The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。

12 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制

13 shipping   

n.船运（发货，运输，乘船）

参考例句：

• We struck a bargain with an American shipping firm.我们和一家美国船运公司谈成了一笔生意。
• There's a shipping charge of ￡5 added to the price.价格之外另加五英镑运输费。

14 registration   

n.登记，注册，挂号

参考例句：

• Marriage without registration is not recognized by law.法律不承认未登记的婚姻。
• What's your registration number?你挂的是几号？

15 supervision   

n.监督，管理

参考例句：

• The work was done under my supervision.这项工作是在我的监督之下完成的。
• The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。

16 gateway   

n.大门口，出入口，途径，方法

参考例句：

• Hard work is the gateway to success.努力工作是通往成功之路。
• A man collected tolls at the gateway.一个人在大门口收通行费。

17 ecological   

adj.生态的，生态学的

参考例句：

• The region has been declared an ecological disaster zone.这个地区已经宣布为生态灾难区。
• Each animal has its ecological niche.每种动物都有自己的生态位.