China recently split off Hainan Island, with an economy comparable to a mid-ranked country, from the mainland for customs processing, part of a bid to join a major trans-Pacific trade deal and establish a new Hong Kong-style commercial hub.
About Hainan Island:
It is a tropical island at the southernmost of China.
It is situated in the northeastern part of the Beibu Gulf, across the Qiongzhou Strait from mainland China.
It’s known as the “Hawaii of China,”.
It is the largest island administered by the People's Republic of China.
Its provincial capital is Haikou, known as the "Coconut City".
It was geologically connected with the southern Chinese mainland until a rift through the Hainan Strait opened sometime during the Miocene and Pliocene epochs.
Hainan is a regional center connecting Northeast Asia and Southeast Asia and is a maritime gateway between the Indian Ocean and the Pacific Ocean.
It’s also China’s largest free-trade port and host of the Boao Forum, an annual meeting of political and business leaders dubbed “Asia’s Davos.”
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