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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.
Customs Supervision Regulations: New rules to streamline customs operations and enhance trade efficiency. These measures aim to establish independent customs operations, enabling seamless trade flows and strengthening Hainan’s position as a global trade hub.
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%.
Why wind, solar power are in peril Since taking office, the Trump Administration has paused permits on all new wind and solar projects on public land, both onshore and offshore. New wind and solar power installations, and the cheap, clean energy they provide to America, may not survive the Trump administration.
The Trump administration has been aggressively working to suffocate the wind and solar industry in the United States. Its latest action could do the trick.
WASHINGTON (AP) — All solar and wind energy projects on federal lands and waters must be personally approved by Interior Secretary Doug Burgum under a new order that authorizes him to conduct “elevated review” of activities ranging from leases to rights of way, construction and operational plans, grants and biological opinions.
The Interior Department is now requiring dozens of formerly routine consultations and approvals for wind and solar projects to undergo new layers of political review by the interior secretary’s office, a policy that is causing significant permitting delays.