Sanya has been focusing on the innovative development of the seed and deep-sea industries, as well as the construction of Yazhou Bay Science and Technology City as part of its efforts to prepare for the customs clearance policies of the Hainan Free Trade Port.
In the first quarter of this year, Yazhou Bay Science and Technology City is expected to complete a total fixed asset investment of 5 billion yuan ($785 million), a year-on-year increase of 69 percent. To date, the industrial park has 6,795 registered companies, with a cumulative registered capital of 109.3 billion yuan.
China released a master plan for the construction of Hainan Free Trade Port in June 2020, mentioning 13 port facility construction projects in Sanya. Among them, the joint inspection building project in Nanshan Port Area is expected to be completed in March 2023, while the main structure of phase I of the national quarantine center is capped and is expected to be delivered to the local customs within this year.
According to the 8th Sanya Municipal Congress of the Cummunist Party of China, held at the end of last year, the tropical city will change its single economic structure with tourism as the pillar industry to build a diversified economic structure suitable for FTP development. As a result, the seed and deep-sea industries will achieve further development.
Relying on the national strategy of supporting innovations in the seed industry and marine science and technology, Sanya will strive to create a national strategic high-tech frontier area and accelerate the construction of a modern tropical coastal city.
Sanya Nanfan Public Experimental Base is the largest scientific research base for crop breeding in China. [Photo/Sanya Daily]
