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Hainan Free Trade Port Encouraged Industries Catalogue (2024 edition)

Everything you need to know about the Hainan Free Trade Port Encouraged Industries Catalogue (2024 edition)

Permanent Residence Identity Cards now Enable Simplified Business Registration...

Hainan Province pioneers using Permanent Residence Identity Cards for simplified business registration, fostering a more inviting investment climate

All tariffs removed from NZ dairy entering China from...

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HomeExpats in HaikouSanya to give...

Sanya to give out digital yuan worth $1.56 million free of charge, to locals and foreigners

The Sanya authorities will soon (no date announced yet, we’ll keep you updated), distribute funds in the equivalent of the national digital currency in the amount of 10 million yuan (more than $1.56 million) among the population free of charge to boost domestic consumption, reported Nanguo Dushibao newspaper.

According to the newspaper, this decision was made at a meeting of the local administration. One of the main objectives of this measure is to accelerate the development of several experimental facilities, where digital yuan will be introduced in the first place. The said amount is eligible for both residents of Hainan (including citizens from other cities in China and foreigners living in Sanya) and visiting tourists.

According to the city authorities, the digital money received can be spent in duty free stores, when visiting tourist sites or when booking five-star hotels.

“At the same time, we are going to raise the status of digital yuan, boost sales in slow seasons, and assist in the formation of a so-called center for international consumption in Sanya,” the local administration stated.

Hainan has become one of China’s regions where digital yuan is being tested. Since the end of 2019, the authorities have also tested it in Beijing, in the cities of Shenzhen, Suzhou and Chengdu, in the Xiong’an new economic zone near the Chinese capital. In October 2020, the cities of Shanghai, Changsha, Xi’an, Qingdao and Dalian were added to the list.

Tropicalhainan.com launched it’s official mini programme. Scan / long press the Qr code to keep up to date with news, sports, entertainment, travel, opinion, restaurants / bars, things to do, jobs and much much more.

Related article: Public holiday updates – Dragon boat festival, Mid-autumn fesitval and National day 2021

Latest properties for rent

Two bedroom apartment-rental lease transfer

Room 301, Building 9, Hongdao Garden, No. 352 Yehai Avenue, Chengxi Town 海南省海口市龙华区城西镇椰海大道352号港岛花园9栋301房
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Romantic Turkey Halal Restaurant

Experience the Essence of Turkey at Romantic Turkey Halal Restaurant!Step into a culinary haven where the heart of Turkey comes alive on your plate. At Romantic Turkey, we offer a menu that reflects the...

Middle, primary school & Kg teachers needed – Sanya, Hainan – Aug 2024

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EV Price Wars Heat Up: Major Discounts and Competition Dominate 2024 Market

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Relax, Unwind, and Explore Hainan's Hidden Gems

Romantic Turkey Halal Restaurant

Experience the Essence of Turkey at Romantic Turkey Halal Restaurant!Step into a culinary haven where the heart of Turkey comes alive on your plate....

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Flora's International Preschool has three preschools in the Haikou area. Our schools follow a European curriculum

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Haikou Bay Performing Arts Centre Grand Theatre March Events

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