Before the pandemic, Hainan was touted as the “Hawaii of the East” and lured tourists from both China and around the world to its beach resorts and oceanfront villas. But the global outbreak has meant no returning visitors and has put the local economy into free-fall. To revitalize the island, the youngest of China’s 30 provinces, local authorities on 9 June announced a pilot project to allow the use of hundreds of innovative new drugs and medical devices inside one of its special trade regions, Lecheng.
China Free-Trade Zone Opens Fast Access To Foreign Innovative Therapies
But costs, location may be issues
A free-trade zone in China’s southernmost island province of Hainan aims to spur local health care industry, which has been among the hardest hit sectors in the coronavirus outbreak.
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