The list of industries includes biomedicine, the production of special automotive equipment, the aerospace sector, offshore wind energy and cultural tourism, the newspaper writes.
Benefits are provided for companies from the list, which now contains 176 industries. In addition, if they meet the requirements of the development of the Hainan Free Trade Port, they are entitled to pay income tax at a reduced rate.
The Hainan authorities want to help in-demand enterprises adapt to the conditions of the local market. The list of industries enjoying preferences was published in 2020. Tourism, the sphere of modern services, the technological sector and highly efficient tropical agriculture were announced as the four main directions.
