China’s tropical free-trade experiment

砸重金的海南能成吗

Drum Tower

2026-03-03

30 分钟
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China wants to turn the island province of Hainan into the world’s largest free-trade port. Can the island overcome a history of booms and busts to succeed? Hosts: - Jeremy Page, co-host of “Drum Tower” - Sarah Wu, co-host of “Drum Tower” Topics covered: - Hainan Free Trade Port - China’s trade policy - Medical tourism in China Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
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  • The Economist.

  • In the time of emperors, it was a distant backwater where poets and politicians were exiled.

  • In the 1980s, it became notorious for its corrupt officials.

  • Today, its sandy beaches and five-star hotels draw rich Russians and Chinese retirees in search of some sun.

  • Hainan, a tropical island in the South China Sea, has tried to reinvent itself many times before.

  • And now, officials are trying again.

  • At the end of last year, China officially established Hainan as what it called the world's largest free trade port,

  • offering a range of incentives to businesses and investors from low taxes to freer internet access.

  • Beijing is now pitching it as a sun-soaked access point for foreigners seeking to tap China's vast domestic market.

  • And local party leaders hope to boost the island's own fortunes in the process.

  • But after numerous failed attempts, will this time be any different?

  • I'm Jeremy Page, The Economist's China correspondent, based in Taipei.

  • And I'm Sarah Wu, usually based in Beijing, but for this week's episode,

  • I exchanged the traffic jams of the capital for the sandy beaches of Hainan

  • to ask why China's leaders care so much about this island backwater

  • and if it can finally turn its fortunes around.

  • This is Drum Tower, from The Economist.

  • Hi Sarah.

  • So last week we were in the Arctic, and this week we're on the beach.

  • I don't know who got the better deal out of those travel plans.