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China unveils master plan to turn Hainan island a free trade hub

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China has unveiled a package of policies for Hainan province in an effort to turn the island into an "internationally influential, high level" free trade port by 2050.

Beijing outlined its plan to make the 35,000 square km island a “free trade port” by lowering the income tax rate for selected individuals and companies to 15 per cent, and relaxing visa requirements for tourists and business travellers.

The island province of 9.5 million . . .

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