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With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and efficiency, Wu said. Trade liberalization and facilitation are defining features of a free trade port.
On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
As a key initiative in China's opening-up strategy, the Hainan Free Trade Port is set to begin independent customs operations by year end, and global enterprises are eyeing the vast opportunities that come with open trade. [Photo/Xinhua]
South China’s tropical island province of Hainan is intensifying efforts to establish itself as a high-level free trade port (FTP) by 2025. Key plans were outlined in a government work report presented during the annual session of the Hainan Provincial People’s Congress on Tuesday.
"We will strive to build the Hainan Free Trade Port into an important gateway leading China's opening up in the new era, contributing to the sustained development of the Chinese economy as well as injecting stability and certainty into the world economy," said Yuan, assistant minister of commerce. ■
"With the independent customs operations, Hainan FTP is poised to become a key gateway for China's new era of opening up and innovation," Cai added. China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and efficiency, Wu said. Trade liberalization and facilitation are defining features of a free trade port.
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and fostering new growth drivers through targeted measures, Jiang said.
Abstract: The continuously evolving technologies for sustainable future such as electric mobility and renewable energy systems demand efficient battery thermal management system. It plays a critical role in ensuring the performance, longevity, and safety of energy storage systems.
This study optimized the thermal performance of energy storage battery cabinets by employing a liquid-cooled plate-and-tube combined heat exchange method to cool the battery pack.
Drawing on research into thermal management modes for energy storage batteries, a scheme is proposed that retains the fixed structural framework while focusing on iterative optimization of internal parameters to enhance system performance.
Provided by the Springer Nature SharedIt content-sharing initiative The cooling system of energy storage battery cabinets is critical to battery performance and safety. This study addresses the optimization of heat dissipat
This study optimized the thermal performance of energy storage battery cabinets by employing a liquid-cooled plate-and-tube combined heat exchange method to cool the battery pack.
Provided by the Springer Nature SharedIt content-sharing initiative The cooling system of energy storage battery cabinets is critical to battery performance and safety. This study addresses the optimization of heat dissipat
By constructing precise mechanical models, these analyses simulated the forces and moments exerted on energy storage battery cabinets under each condition. and meticulously analyzed the stress, displacement, and strain distribution within the cabinet structure.
The sharp and continuous deployment of intermittent Renewable Energy Sources (RES) and especially of Photovoltaics (PVs) poses serious challenges on modern power systems. Battery Energy Storage Systems (BESS) are seen as a promising technology to tackle the arising technical bottlenecks, gathering significant attention in recent years.
