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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%.
(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)
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.
Battery storage power stations are usually composed of batteries, power conversion systems (inverters), control systems and monitoring equipment. There are a variety of battery types used, including lithium-ion, lead-acid, flow cell batteries, and others, depending on factors such as energy density, cycle life, and cost.
Grid energy storage, also known as large-scale energy storage, is a set of technologies connected to the electrical power grid that store energy for later use. These systems help balance supply and demand by storing excess electricity from variable renewables such as solar and inflexible sources like nuclear power, releasing it when needed.
Energy storage systems are devices capable of carrying out these transformations in an efficient and controlled way, allowing to better manage energy supply and demand nationwide. What is an energy storage system? An energy storage system is a device or set of devices that can store electrical energy and supply it when needed.
