China's southern island province of Hainan has expanded a pilot policy that exempts duties on domestic sales of value-added processed goods, as part of the efforts to strengthen local manufacturing and advance the development of the Hainan Free Trade Port.
As of October, 129 firms had been approved for the pilot scheme. They generated about 11.1 billion yuan (about 1.57 billion U.S. dollars) in domestic sales and have benefited from roughly 860 million yuan (about 122 million U.S. dollars) in waived duties, Haikou Customs said on Friday.
The policy was launched in Hainan's Yangpu Bonded Port Area in 2021, extended to key industrial parks outside special customs-supervised zones in late 2022, and has been open to eligible firms across the Free Trade Port since September 2024.
Hainan firms post 11 bln yuan sales under duty-free policy
Iran's Islamic Revolutionary Guard Corps (IRGC) announced Wednesday it had launched the 89th wave of Operation True Promise 4, carrying out strikes against U.S. and Israeli targets in the region.
The IRGC said in a statement that Iran and various resistance fronts, through coordinated operations, used heavy missiles, attack drones, and rockets to strike U.S. military bases and Israeli targets.
The statement said the operation targeted Israeli military facilities and assembly points in Eilat, Tel Aviv, Bnei Brak, and other locations, and claimed that, according to local sources, it had caused significant Israeli casualties.
The IRGC also stated that it had hit a location in Bahrain housing 80 U.S. troops, and Iranian ballistic missiles struck a U.S. helicopter formation at a base in Kuwait, destroying one helicopter and damaging others.
Iran launches new round of attacks on US, Israeli targets
