The 30% value‑added rule explained

Hainan is making headlines these days, because of the island-wide special customs operations at Hainan Free Trade Port. Behind the policy language and tariff schedules, we ask a simpler question: how will this reform change people's daily life? For businesses, workers, investors, and residents, Hainan's customs transition is more than just about trade, but also cost, opportunities, mobility, and a new future for the island. On the show: Niu Honglin, Laiming & Yushun