How is this matter in Hainan being considered?
This matter in Hainan, its significance is greater than that of Shenzhen back in the day. At that time, Shenzhen actually solved the issue of differentiating between areas inside and outside the borders, acting as a sort of unblocking mechanism. What does this time mean for Hainan? It’s equivalent to turning the entire Hainan into a free trade zone between China and overseas. Through Hainan, China is connecting globally in a comprehensive way, almost entirely connecting the world. Once you come to Hainan, you can pretty much do whatever you want. I feel that in the future, you will see things like RV bags, GUCCI, some pharmaceuticals, high-end pharmaceuticals, and even some refining operations being moved to Hainan because of the duty-free status; as long as the value-added portion exceeds 30%, it’s exempt from tariffs, which is quite remarkable, even in finance.
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How's the explanation?