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With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and efficiency, Wu said. Trade liberalization and facilitation are defining features of a free trade port.
On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
In April 2018, China announced a decision to develop Hainan into a pilot free-trade zone while gradually exploring and steadily promoting the establishment of an FTP with Chinese characteristics. In June 2020, a master plan was unveiled to build the island into a globally influential and high-level FTP by the middle of the century.
BEIJING, Aug. 8 -- China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
Scientists and engineers are developing new building materials for earthquake-resistant construction. These materials range from shape-memory alloys to invisibility cloaks to fibers created from synthetic spider silk.
New technology plays an important role in expanding our understanding of earthquakes and developing creative solutions to build earthquake-resistant structures. Seismic retrofitting, seismic analysis, and seismic sensors are aspects of this process.
Advanced designs intended to withstand earthquakes are effective only if proper construction methods are used in the site selection, foundation, structural members, and connection joints.
Earthquake-resistant construction, the fabrication of a building or structure that is able to withstand the sudden ground shaking that is characteristic of earthquakes, thereby minimizing structural damage and human deaths and injuries. Suitable construction methods are required to ensure that