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Hainan free trade port rises as investment magnet

South China’s Hainan Province Tuesday witnessed the inking of 104 key projects to inject new impetus into the construction of its free trade port (FTP).

The projects, 22 of which are foreign-funded, involve 65.72 billion yuan in total investments (10 billion U.S. dollars) and cover tourism, modern services and high-tech industries.

The deals, signed in Haikou, the provincial capital of Hainan, also reflect the increasing appeal of the island province at the forefront of China’s opening up to investors.

Previously, the FTP had seen the signing of 741 projects with an investment of 519.6 billion yuan in multiple areas including intelligent manufacturing, international shipping, education, medical care and aerospace.

China proposed setting up…

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