Launch of Hainan free trade port customs operations

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  Discussion keeps the world turning.

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  Hello, welcome to Roundtable,

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  where we serve up piping hot debates on the issues that sizzle in China and beyond.

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  I'm Niu Honglin.

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  Hainan is making headlines these days because of the island-wide special customs operations at Hainan Free Trade Port.

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  Behind the policy language and tariff schedules, we ask,

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  how does an abstract reform change daily life?

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  For our businesses, workers, investors, and residents,

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  Hainan's customs transition could be more than about trade,

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  but cost, opportunity, mobility, and the kind of future the island is positioning itself to host.

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  For this episode, I'm joined by Yu Shun and Lai Ming.

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  Now grab your virtual compass and follow us to the heart of the discussion.

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  The island-wide special customs operations at Hainan Free Trade Port begin on December the 18th.

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  It's a major step in China's opening-up strategy.

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  And honestly, the shift happening in Hainan is more about kicking off a whole new economic era.

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  Think of it as a complete institutional reboot for the entire island.

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  And for today's show,

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  we prepared a breakdown of what the island-wide special customs operations mean,

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  the policies launching alongside it, and the impact across the board.

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  But let's start with the meaning of island-wide special customs operations.

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