Hainan

Hainan's tropical climate makes the province 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 the 1990s. 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 RMB35 billion in 2009, creating the possibility of another property bubble.

Hainan's GDP grew 9.1% to RMB285.53 billion in 2012.

 

Hainan Quick Facts
  • Area
    33,920 km2
  • Population:
    8671518
  • Population density:
    241 people/km2
  • Gross domestic product:
    206.5 billion RMB
  • GDP per capita:
    23831 RMB
  • GDP growth:
    16.00%
  • Fixed Asset Investment:
    133.1 billion RMB
  • Utilized Foreign Direct Investment:
    1.51 billion US$
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Top 5 Hainan Companies
    • Hainan Airlines Co (SHA: 600221) is an integrated travel and financial services provider. It posted RMB21.71 billion in revenues and RMB3.01 billion in net profits for 2010.
    • Huawen Media Investment Co (SHE: 000793) is engaged in cultural dissemination, production and distribution of coal gas, and wholesale of energy and chemical products and electrical equipment. It posted RMB3.48 billion in revenues and RMB231.86 million in net profits for 2010.
    • Hainan Strait Shipping Co (SHE: 002320) is an operator of passenger and transport business in the South China Sea. It posted RMB600.43 million in revenues and RMB187.75 million in net profits for 2010.
    • Hainan Zhenghe Industrial Group Co (SHA: 600759) is a property manager and developer. It posted RMB902 million in revenues and RMB183.56 million in net profits for 2010.
    • Rising Nonferrous Metals Share Co (SHA: 600259) is a nonferrous metal miner, processor and distributor. It posted RMB1.12 billion in revenues and RMB38.12 million in net profits for 2010.

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Hainan Economic and Technological Development Zones

    Haikou Free Trade Zone
    Haikou New & Hi-Tech Industrial Development Zone
    Sanya Yalong Bay National Resort
    Yangpu Economic Development Zone


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