50X Bigger Than Singapore: China Bets on Hainan Island, Plans For a Free-Trade Gateway

Hainan, located in the South China Sea, is about 50 times larger than Singapore and nearly as big as Taiwan. (AI Image) At a time when major economies such as the US and parts of Europe are raising tariffs and tightening trade rules, China is moving in the opposite direction. Beijing has turned the entire island of Hainan into a free-trade zone, effectively making it a large, duty-free trading hub with its own customs and tax system, said a TOI report. Hainan, located in the South China Sea, is about 50 times larger than Singapore and nearly as big as…