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2025-12-17 11:36:58
[Huang Hanquan, President of the Macroeconomic Research Institute of the National Development and Reform Commission: Hainan Will Promote Deep-Seated Domestic Reforms in Areas Such as Cross-Border Data Flow After Customs Closure] The "China Economic Roundtable" focused on the official launch of the Hainan Free Trade Port's island-wide customs closure. Huang Hanquan, President of the Macroeconomic Research Institute of the National Development and Reform Commission, explained that for enterprises, the implementation of the "zero tariff" policy for imported goods and the adjusted and optimized tariff-free rules for processing value-added products will significantly reduce operating costs in sectors such as pharmaceuticals and high-end manufacturing, attracting related industries to cluster and promoting the development of emerging industries such as offshore wind power and commercial aerospace. Huang Hanquan believes that after customs closure, Hainan will align with high-standard international trade and economic rules in areas such as cross-border data flow and intellectual property protection. Its accumulated institutional innovations can be replicated and promoted nationwide, driving deep-seated domestic reforms. (Xinhua News Agency)
