Entrepreneur from Georgia plans to settle in China's Hainan

2021-06-03 Editor : Ji Xiang ECNS App Download

(ECNS) -- George, from Georgia, owns a start-up in south China's Hainan Province. He obtained his driving license about a month ago.

George is engaged in international trade while studying for a PhD in Hainan. The Hainan free trade port has attracted many global talents to invest, George said.

It provides many preferential policies to foreigners who attempt to start businesses.

After gaining his driving license and knowing that qualified non-residents are allowed to purchase properties in Hainan, George said he plans to settle down in Hainan.

With the policy support, many enterprises of all sizes feel the "Hainan FTZ speed".

In just one year, as red tape was cut, buildings rose up one after another in Yangpu Economic Development Zone.

"The policy support also helped us save 300 yuan ($47) per ton in costs. It is a respectable sum as we have about 1 million tons of processing capacities a year. We can save 300 million yuan ($47 million) in total," said Zhang Hui, chairman of a cereals %26 oils company in Hainan.

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