As a result of Hainan's tropical climate, the province is an important source of paddy rice, coconuts, palm oil, tropical fruit, and fisheries. Tourist related services and agriculture are the main economic drivers; secondary industries such as automobile equipment constitute a small portion.
Hainan was home to China's biggest property bust in its modern history in 1990. In 2009, the government announced its plan to develop Hainan into an “International Tourist Destination” by 2020. As a result, property sales exploded by 73% to 35 billion RMB in 2009, creating the possibility of another property bubble.
Haikou Free Trade Zone
Haikou New & Hi-Tech Industrial Development Zone
Sanya Yalong Bay National Resort
Yangpu Economic Development Zone