The Beijing Hour Hainan Free Trade Port marks one month until independent customs operations
Nov 18, 2025
China's diplomatic tensions with Japan escalate due to remarks about Taiwan. Hainan's new independent customs operations promise to boost trade efficiency and connect the free trade port with the global market. The UN Security Council authorizes an international stabilization force in Gaza, while China's abstention raises concerns about the plan's clarity. Plus, discussions about Hainan's initiative for green energy underscore its commitment to sustainable development.
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Takayichi Remarks Threaten Bilateral Foundations
- Japan's PM remarks on Taiwan risk undermining the one-China foundation and regional stability.
- Chinese officials urged Tokyo to withdraw the comments and redress the situation immediately.
Customs Opening Rewires Hainan For Global Trade
- Island-wide independent customs will link Hainan more closely to global markets and expand zero-tariff items to ~6,600.
- Preferential tax rates and liberal policies aim to attract talent, firms, and boost trade and services.
Concrete Savings From Hainan Tariff Cuts
- Wen Hongjie gave concrete savings examples from Hainan's zero-tariff expansion, like cheaper coffee bean imports.
- He also compared yacht import cost reductions by showing a 3.8 million yuan tax cut on a 10 million yuan yacht.