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