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Wang Changlin, deputy head of the National Development and Reform Commission (NDRC), announced that the free trade port will launch island-wide independent customs operation on December 18, 2025. The proportion of tariff lines with zero-tariff products in Hainan Free Trade Port will increase from 21 percent to 74 percent.
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.
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.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
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.
"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.
BEIJING, Aug. 8 -- 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.
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.
Exterior electrical boxes are weatherproof enclosures that protect outdoor electrical connections from moisture, dust, and impact damage. Here’s what you need to know: Key Features to Look For: Top Applications:
Exterior electrical boxes with weatherproof ratings (typically NEMA 3R) protect against rain, sleet, and snow but aren’t designed for submersion. Waterproof boxes (NEMA 4X) can handle direct water contact and even temporary underwater conditions. Gasket design separates the winners from the pretenders.
Quality exterior electrical boxes represent one of those investments that truly pays for itself over time. When you factor in the avoided service calls, prevented water damage, and improved safety, the difference between good and great boxes becomes clear.
Your exterior electrical boxes work hard to protect your electrical connections – return the favor with regular maintenance. After two decades of installing exterior electrical boxes throughout Central Indiana, I’ve heard just about every question homeowners can ask.
A water-based power plant could be one very valuable asset. Estrella del Mar III offers a host of benefits to the people of lively Santo Domingo, with a more reliable energy supply, reduced LCoE (levelized cost of electricity), and less noise—residential housing is close to the power plant.
Follow us on Facebook and join our Telegram channel for the latest updates. ST Engineering’s Marine business together with Siemens Energy have been awarded a second floating power plant contract in Santo Domingo, Dominican Republic. Also known as a barge-mounted power plant, this is the second based on its predecessor the Estrella del Mar III.
The new power plant will be based on its predecessor, the Estrella del Mar III, which was commissioned in 2022. When completed, it will enhance the Dominican Republic’s energy infrastructure with greater efficiency, flexibility and sustainability.
By 2050, parts of the city could be under water. A water-based power plant could be one very valuable asset. Estrella del Mar III offers a host of benefits to the people of lively Santo Domingo, with a more reliable energy supply, reduced LCoE (levelized cost of electricity), and less noise—residential housing is close to the power plant.
The outdoor battery enclosure is a housing, cabinet, or box that can be used outdoor and specifically designed to store or isolate the battery and all its accessories from the external environment. Outdoor battery enclosures keep your batteries safe from weather and safe from theft.
Outdoor battery enclosures keep your batteries safe from weather and safe from theft. Outdoor battery enclosure boxes also feature locking machanisms that protect unauthorized people against possible electrical dangers if they happen to be tampering with your equipment.
A BESS is a type of energy storage system that can be used to store excess energy from renewable sources.Battery Energy Storage Systems (BESS) are an essential part of renewable energy solutions, allowing for the storage and distribution of electricity generated from sources like solar and wind power.
It is important to note that the NEMA and IP rating varies depending on where you will install the enclosure. A range of outdoor energy storage battery cabinets and outdoor lithium battery cabinets are available in standard and custom configurations, can be pole-mounted or ground-mounted .
