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The construction of a free trade port in Hainan can strengthen economic, trade and investment ties with BRI partner countries, especially ASEAN countries, enhance the level of opening up to the outside world and expand foreign trade.
"With the independent customs operations, Hainan FTP is poised to become a key gateway for China's new era of opening up and innovation," Cai added. China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
Since the launch of the FTP initiative in 2020, Hainan has experienced a surge in foreign trade activities: Over 70,000 new foreign trade companies have been registered. These businesses have significantly contributed to the province’s growing role in international trade.
BEIJING, Aug. 8 -- China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
Grid energy storage, also known as large-scale energy storage, is a set of technologies connected to the electrical power grid that store energy for later use. These systems help balance supply and demand by storing excess electricity from variable renewables such as solar and inflexible sources like nuclear power, releasing it when needed.
Energy storage cabinets are crucial in modern energy systems, offering versatile solutions for energy management, backup power, and renewable energy integration. As technology advances, these systems will continue to evolve, providing more efficient and reliable energy storage solutions.
An energy storage system (ESS) for electricity generation uses electricity (or some other energy source, such as solar-thermal energy) to charge an energy storage system or device, which is discharged to supply (generate) electricity when needed at desired levels and quality. ESSs provide a variety of services to support electric power grids.
Because power systems are balanced at the system level, no dedicated backup with energy storage is needed for any single technology. Storage is most economical when operated to maximise the economic benefit of an entire system. Don’t we need storage to reduce curtailment?
"We will strive to build the Hainan Free Trade Port into an important gateway leading China's opening up in the new era, contributing to the sustained development of the Chinese economy as well as injecting stability and certainty into the world economy," said Yuan, assistant minister of commerce. ■
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and fostering new growth drivers through targeted measures, Jiang said.
An aerial drone photo shows a duty-free shopping mall in Sanya, South China's Hainan province, May 29, 2025. [Photo/Xinhua] The Hainan Free Trade Port will launch island-wide independent customs operations on Dec 18, a key step in transforming the tropical island into a globally significant free trade hub, a senior official announced Wednesday.
Vice Minister of Finance Liao Min noted that the number of duty-free items in Hainan will increase from about 1,900 to around 6,600, marking a significant boost in openness.
Africa commends China’s release of the Plan for China Supporting Africa’s Agricultural Modernization at the 2023 China-Africa Leaders’ Dialogue and notes with appreciation the joint efforts by China and the AU to compile the China-Africa Cooperation Planning and Action Plan for Agricultural Modernization.
To support Africa in accelerating modernization, China has launched plans and initiatives focusing on three key areas: industrialization, agricultural modernization and talent development, yielding tangible results. FUELING AFRICA'S INDUSTRIALIZATION
By Tianyi Wu For those suggesting China has disengaged from its cooperation with Africa, Chinese leader Xi Jinping sent a clear message at the recent ninth Forum on China-Africa Cooperation (FOCAC): China is reaffirming its commitment to support 'modernization' in African countries, offering its own development model as an example.
Efforts will be made to encourage two-way investment for new business operations by Chinese and African companies, enable Africa to retain added value, and create at least 1 million jobs for Africa. In terms of people-to-people exchanges, China will establish an engineering technology academy and build 10 Luban Workshops with Africa.
The inverter modules are available for various input and output voltages, and the output power varies according to the voltage combination. INVERTRONIC compact inverter systems and their racks, comprising hot-swapping 1/5 19” rack modules with a range of 3 heights, are characterised by their modular architecture.
As part of a new generation traction System, the traction inverter and converter can cover a wide power range and various specifications. Mitsubishi Electric can provide various traction Systems which meet customers specifications: DC/AC, 750V to 3000V, 50/60/16.7Hz, EMU/DEC/Loco/High Speed, DC/DC Converter with Li-Ion Battery.
Rectifier / inverter system cabinet of reduced height, populated with inverter modules, “EUE” electronic bypass switch and manual bypass, together with rectifier modules. You get the most economical solution and benefit in the long term from the direct link to BENNING as the manufacturer.
Converted in 1978 from Pennsylvania Railroad 11 kV 25 Hz system to the 12.5 kV 25 Hz on the Rahway-Matawan ROW and 12.5 kV 60 Hz electrification extended to Long Branch in 1988. The Matawan-Long Branch voltage converted from 12.5 kV 60 Hz system to the 25 kV 60 Hz in 2002. Under construction, expected to be operational by 2027–28.
