Hainan's economy's dependence on real estate has significantly weakened
Haikou, March 23 (Reporter Lai Shuwen) Hainan has gradually reduced the proportion of real estate investment in GDP, changing the economic development model driven solely by real estate investment.
The proportion of real estate investment in GDP has dropped from 46% in 2017 to 21.9% in 2020.
The construction of a modern industrial system dominated by tourism and modern service industries has been accelerated, and the industrial scale has continued to expand.
In 2020, the added value of Hainan's service industry will increase by 5.7% over the previous year, and its contribution to overall economic growth will reach 95.8%.
This is what the reporter learned from the Hainan Provincial Statistics Bureau today.
It is reported that since 2018, Hainan Province has restricted purchases across the region with the determination of the strong men to break their arms, and get rid of the economy's dependence on real estate.
The sales area of commercial housing has dropped sharply, and the price of commercial housing has been effectively controlled and basically remained stable; the target of purchasing commercial housing has changed from residents outside Hainan Province to residents of Hainan Province and introduced talents. Other non-Hainan household registration objects are mainly imported Talents and permanent residents.
It is understood that new drivers of Hainan’s industrial development continue to accumulate, especially other for-profit service industries and wholesale and retail industries dominated by emerging service industries.
The average annual growth rate of the Internet industry, the pharmaceutical industry, the exhibition industry and the education industry has exceeded 10%, which has injected strong impetus into the economic development of Hainan during the 13th Five-Year Plan period.
The medical and health industry grew at an average annual rate of 9.9%, and the modern logistics industry grew at 8.8%, both significantly higher than the average annual growth rate of GDP over the same period.
As China's first free trade port, Hainan is currently trying to open up to a greater degree, forming a high-quality consumer goods market and attracting tourists to Hainan for consumption.
At the same time, various entertainment and leisure activities and services on the island are also being fully developed, and are constantly moving towards the goal of an international tourism consumption center.
Lai Shuwen