Chinese Industries and Product in Hainan

The most complete Chinese companies directory of Hainan in English

Hainan province is briefly named Qiong, with Haikou as its provincial seat. Situated in the South tip of China, Hainan is a province with the largest area of China. It
is officially verified by the PRC as the second largest island of China, just next to Taiwan. Hainan province is one of the five special economic zones, as well as the
special economic zone with the largest area in China. Agriculture, tourism, petrochemical, electronics and information, marine biology and pharmaceuticals are
its pillar industries. Industrial sectors range from sugar-making, rubber, salt-making, agricultural machinery, forestry and mining etc. The population of permanent
residents in Hainan is 8.64 million, with a per capita GDP for Hainan is expected to surpass 16,000 yuan.

Hainan's economy is predominantly agricultural, and more than a half of the island's exports are agricultural products. Hainan's elevation to province-level status (1988), however, was accompanied by its designation as China's largest "special economic zone", the intent being to hasten the development of the island's plentiful resources.

Prior to this, the province had a reputation for being a "Wild West" area, largely untouched by industrialisation; even today there are relatively few factories in the province. Tourism plays an important part of Hainan's economy, thanks largely to its tropical beaches and lush forests.

The central government has encouraged foreign investment in Hainan and has allowed the island to rely to a large extent on market forces.

Hainan's industrial development largely has been limited to the processing of its mineral and agricultural products, particularly rubber and iron ore. Since the 1950s, machinery, farm equipment, and textiles have been manufactured in the Haikou area for local consumption. A major constraint on industrial expansion has been an inadequate supply of electricity. Much of the island's generating capacity is hydroelectric, and it is subject to seasonal fluctuations in stream and river flows.

Its nominal GDP for 2009 was 164.7 billion yuan (US$24 billion), making it the 4th smallest in all of the PRC and contributes just 0.5% to the entire country's economy. At that time, its GDP per capita was 19,166 yuan (US$2,805).

By the first quarter of 2010, Hainan had the highest increase in GDP of any province in China, with a year-on-year increase of 25.1%. The GDP of Hainan's Qionghai city grew 58.7%.

In December 2009, the government of China announed that it plans to establish Hainan as an "international tourist destination". This announcement contributed to a surge in the province's economy, with a year-on-year increase in investment of 136.9% in the first three months of 2010. Hainan's real estate sector accounted for more than one third of the province's economic growth.

source: wikipedia