Report on the Development of the Hainan Special Economic Zone

Abstract

According to the main economic characteristics of the development of the Hainan Special Economic Zone in 2016 and the analysis of the development of 18 cities and counties in the three major regions of Hainan Province through the construct of the coefficient of variation, it could be found that the overall economic development of Hainan in 2016 showed a stable and increasing trend, but there was unbalanced development among regions. The economic structure of Hainan was continuously optimized. The tertiary industry developed rapidly, but it was also the main reason for the differences in the regional development. Fixed asset investments, industrial production, and consumer goods markets maintained steady growth, but the coefficient of variation was greater than 1.6, indicating that the development of these cities and counties was unbalanced in these fields. Accordingly, Hainan Province should actively intensify reforms, promote industrial transformation and upgrading, and make full use of its strengths and overcome shortcomings, promote balanced economic development with innovation as the driving force and further improve the quality of economic development.