China to expand pharma, EV, gaming sectors in Hainan | The Edge Markets

Hainan, China – A + A BEIJING (April 8): China on Thursday announced a slew of measures supporting industries such as drugs, new energy vehicles, gaming and aerospace in the southern province of Hainan, as part of moves to build a testing ground there for economic reforms. Last June, China gave the status of a "free trade port" to Hainan, which it aims to make fully functional by 2035, building an offshore center of trade and finance to streamline the flow of commodities, capital and talent. Travel flows have surged to Hainan, known for its sandy beaches and resort-lined coast,…