What Hainan’s New Free Trade Port Means for Multinational Companies

Key Takeaways

• The port has eliminated tariffs on most imports and sharply lowered corporate and individual tax rates.
• Hainan’s new customs status offers multinational companies more supply chain options for both China-centered operations and broader “China Plus One” strategies.
• Geopolitical uncertainties, policy inconsistencies, and talent shortages will limit the ability of some companies to capitalize on recent openings.