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Haikou cross-border e-commerce trade volume hit $149.3 million in January-November 2021

Export volume reached about $1.51 billion

HAIKOU /China/, January 18. /TASS/. The volume of cross-border e-commerce in the Chinese city of Haikou (the administrative center of the southern province of Hainan) reached 948 million yuan (about $149.3 million at current exchange rates) in January-November 2021, the Haikou Daily reported.

According to the article, the total volume of foreign trade in the 11 months of last year reached 41.42 billion yuan (about $ 6.52 billion). Exports reached 9.6 billion yuan (about $1.51 billion), up 58.5% year on year. Imports rose 45.1% to 31.82 billion yuan (about $5.01 billion).

On June 1, 2020, the Central Committee of the Chinese Communist Party and the State Council of China published a program for the creation of a free trade port in Hainan. The document provides for the establishment of a special customs zone on this tropical island. The PRC authorities plan to complete the construction of the free port on the territory of the province in 2025, by which time the island should be built a system of free trade and investment. By 2035, Hainan is expected to have free trade and investment, cross-border capital flows, entry and exit for people, and freight transportation.

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Trade & Cooperation Hainan

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