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Alibaba Group Holding Ltd, China's e-commerce giant, signed an agreement with the Hainan provincial government on Thursday to invest 5 billion yuan ($816 million) in the Hainan International Tourism Island Pilot Zone.
As Hainan province prepares to become a home for Internet-sourced financing operations, analysts Zhang Yanming and Zheng Jinyu help explain the innovative sector.
Offshore duty-free shopping in south China's Hainan Province surged in 2013, with total sales reaching 3.3 billion yuan (540 million U.S. dollars), up 40 percent year on year.
The South China province of Hainan, famous for its resorts, has seen a surge in offshore duty-free shopping.
China International Travel Service Group Co Ltd is accelerating moves to expand its duty-free shop business overseas, part of its drive to transform itself from a traditional State-owned tourism enterprise.
South China's Hainan Province has seen surging offshore duty-free shopping, with sales revenue in the first 10 months of 2013 approaching 3.19 billion yuan ($523.8 million).
China's retail sales surged to record highs over the week-long Spring Festival, as tourist attractions also reported strong visitor numbers.
Shanghai businessman Zheng Yongchao looks fit and refreshed upon returning from his trip to Sanya on tropical Hainan Island.
Among the many opportunities Hainan seized over the past five years, two stand out most, Governor Jiang Dingzhi said on Jan 27 at the annual session of the Hainan provincial people's congress.
An heirloom species of this staple grain thrives only in a tiny pocket of East China, but scientists say its potential could be huge, Jin Zhu reports in Wannian, Jiangxi province.
Sanya may be the country's most popular resort during the coming Spring Festival, but the city's infrastructure is not yet ready for the booming tourism.
An employee of the urban management office in Sanya, Hainan province, has been removed from duty for abuse of power, according to a report on the People's Daily website on Thursday.