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China's Hainan FTP sees early gains from island-wide special customs operations

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China

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China's Hainan FTP sees early gains from island-wide special customs operations

2026-01-18 15:51 Last Updated At:16:17

South China's Hainan Free Trade Port (FTP), the world's largest FTP by area, is in smooth and orderly operations one month into the launch of its special customs operations.

The island has seen an increase in both the value of imports of zero-tariff goods and the number of foreign trade entities since Dec 18.

According to the Haikou Customs, from Dec. 18, 2025 to Jan. 17, 2026, the value of "first line" imported zero-tariff goods was 750 million yuan (about 107 million U.S. dollars); the value of processed and value-added goods sold domestically through the "second line" was about 85.9 million yuan.

Meanwhile, a total of 5,132 new foreign trade entities were registered in this period.

In addition, the duty-free sales supervised by customs reached 4.86 billion yuan, up 46.8 percent year on year, and the number of shoppers rose 30.2 percent year on year to 745,000, showing sustained strong consumption vitality.

To better meet the diverse needs of tourists, Hainan's duty-free policy ushered in a new round of adjustments on Nov. 1, 2025. The categories of duty-free goods increased from 45 to 47, and the beneficiary range was expanded to include outbound travelers, attracting more international tourists to duty-free shopping.

On Dec. 18 last year, China launched island-wide special customs operations in the Hainan FTP, allowing freer entry of overseas goods, expanding zero-tariff coverage, and introducing more business-friendly measures.

One notable special customs policy is offering "freer access at the first line," referring to freer trade between Hainan and areas outside China's customs borders, and "regulated access at the second line," which involves applying standard customs controls for goods moving from Hainan to the mainland.

China's Hainan FTP sees early gains from island-wide special customs operations

China's Hainan FTP sees early gains from island-wide special customs operations

China became Central Asia's largest trading partner in 2025, marking a new milestone in regional economic ties, according to the Chinese Ministry of Commerce.

Last year, trade between China and Central Asian countries reached 106.3 billion U.S. dollars, up 12 percent year on year and outpacing the 2024 growth rate by six percentage points.

After five consecutive years of growth, trade between China and Central Asia exceeded 100 billion U.S. dollars for the first time in history, noted the ministry.

As China emerged as the largest trading partner to Central Asian countries, the region's share of China's foreign trade further increased, the ministry added.

Exports from China grew 11 percent to 71.2 billion U.S. dollars, led by machinery, electronics and high-tech products, while imports from Central Asia rose 14 percent to 35.1 billion U.S. dollars, with a more diverse mix including chemicals, steel and agricultural goods.

Cross-border e-commerce between China and Central Asian states maintained rapid growth in the year, supported by strengthened logistics networks, cross-border payment systems and the launch of the China-Central Asia Trade Facilitation Cooperation Platform in Nanjing City, east China's Jiangsu Province.

The ministry also highlighted high-quality cooperation under the Belt and Road Initiative. Key projects in connectivity, equipment manufacturing, green minerals and modern agriculture have boosted China's exports to Central Asia and supported industrial upgrading and economic revitalization across Central Asian countries, the ministry said.

China becomes Central Asia's largest trading partner in 2025

China becomes Central Asia's largest trading partner in 2025

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