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Big changes are underway in Hainan—and they’re designed to make everyday life smoother for residents, expats, and businesses alike. China's Hainan Free Trade Port will officially launch island-wide independent customs operation on December 18, 2025, completing its transition into a full-fledged Free Trade Port.
In April 2018, China announced plans to transform the island into a pilot free trade zone, with a long-term vision of developing a free trade port with Chinese characteristics. A master plan released in 2020 aimed to make Hainan a globally influential hub for high-level openness by mid-century.
Wang Yang publishes an official definition of a free port in the People’s Daily. Announcement of a free trade zone covering the entire island of Hainan during the 30th anniversary of the Special Economic Zone. Launch of the Master Plan for the construction of the Hainan Free Port, aiming for global status by 2050.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
A battery energy storage system (BESS), battery storage power station, battery energy grid storage (BEGS) or battery grid storage is a type of energy storage technology that uses a group of batteries in the grid to store electrical energy.
The LiHub has a standard one-cabinet-one-system design, each system is completely independently controlled. Multiple cabinets can be connected in parallel to expand the size of the energy storage system, enabling flexible configurations. All-in-one, high-performance energy storage system for various industrial and commercial applications.
Since 2010, more and more utility-scale battery storage plants rely on lithium-ion batteries, as a result of the fast decrease in the cost of this technology, caused by the electric automotive industry. Lithium-ion batteries are mainly used. A 4-hour flow vanadium redox battery at 175 MW / 700 MWh opened in 2024.
All-in-one, high-performance energy storage system for various industrial and commercial applications. Highly suitable for all kinds of outdoor applications such as EV charging stations, industrial parks, commercial areas, housing communities, micro-grids, solar farms, peak shaving, demand charge management, grid expansion and more.
(South Korea’s Ministry of National Defense) The command did not respond to an emailed request for comment Tuesday. North Korean troops have occupied 11 guard posts on its side of the DMZ since Friday, the Defense Ministry said in a news release Monday.
South Korea is restoring 15 frontline guard posts (GP) on its side of the heavily militarized border with North Korea, according to Seoul’s defense ministry, four more than it abandoned during a thaw in inter-Korean tensions in 2018.
LongXing Outdoor cabinets are designed to provide a safe solution to install telecommunications equipment in outdoor conditions. These cabinets are offering protection against different weather conditions, dust and vandalism. l Cabinet design with IP55 (according to IEC 60529) protection class.
North Korean soldiers with weapons are seen in a trench inside the Demilitarized Zone in this undated photo provided by South Korea’s Ministry of National Defense on Nov. 27, 2023. (South Korea’s Ministry of National Defense)
Energy storage systems are not primary electricity sources, meaning the technology does not create electricity from a fuel or natural resource. Instead, they store electricity that has already been created from an electricity generator or the electric power grid, which makes energy storage systems secondary sources of electricity.
Secondary or rechargeable battery is regarded as the oldest electrical energy storage device , which stores electricity as chemical energy. It is an electrochemical device with the ability to deliver energy, in the form of electrical energy, using the chemical energy generated by electrochemical reactions .
A battery energy storage system (BESS) is an electrochemical device that charges or collects energy from the grid or a distrib-uted generation (DG) system and then discharges that energy later to provide electricity or other services when needed.
Instead, they store electricity that has already been created from an electricity generator or the electric power grid, which makes energy storage systems secondary sources of electricity. Energy storage systems use more electricity for charging than they provide when supplying electricity to the electricity grid.
