Hainan free trade port sets benchmark for China's opening up
General Press Releases Tuesday September 15, 2020 09:00On Sept. 3, the last day of a three-day promotional event in a duty-free shop in Hainan's resort city of Sanya, Chu Yadong scurried back and forth in the shop, picking out skincare products and makeup for his relatives.
According to official data, sales from four offshore duty-free shops in Hainan topped 5 billion yuan from July 1 to Aug. 18, an increase of 250 percent year on year, with an average daily turnover of over 100 million yuan.
The Boao Lecheng pilot zone of international medical tourism, a platform to explore the country's development of international medical tourism-related businesses and services, launched a special type of drug insurance on Aug. 2.
It covers 70 anti-cancer drugs from around the globe for 35 common cancers, including 49 that have yet to be approved for sale in the Chinese mainland market. The annual premium for Hainan residents is only 29 yuan per person, while the insurance covers up to 1 million yuan in drug costs.
"Hainan is building a people-centered free trade port, which will not only make Hainan people gain a strong sense of happiness, but also share the development opportunities with people across the country as well as enterprises and skilled workers from all over the world," said Liu Cigui, Party secretary of Hainan.
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