#China #Haikou #Qilou Street #Hainan Free Trade

Haikou: A Dynamic Blend of Tradition and Modernity

Haikou, the vibrant capital of Hainan province, offers visitors an astonishing fusion of rich heritage and contemporary industry. As a gateway to breathtaking golden beaches and vibrant ports, Haikou invites tourists and locals alike to experience a unique cultural landscape. A key highlight for all visitors is Qilou Old Street, famous for its historic buildings that narrate the city's past and architectural brilliance. Established in the 1840s, this street is a vivid representation of Haikou's historical and cultural essence.

The Architectural Wonders of Qilou

The Qilou style, featuring a blend of Western and Chinese design, is characterized by covered walkways and upper stories that extend over foot traffic. This unique construction not only gives the street an exotic charm but also reflects the cultural diversity that defines this island city. In 2009, Qilou Old Street was designated a famous historical and cultural street, further recognized by the Ministry of Culture and Tourism as a vital area for tourism and leisure in 2022.

Cultural significance extends beyond architecture; it encompasses Hainan’s intangible cultural heritage, including Qiong Opera and traditional puppet performances. Local authorities host numerous cultural events throughout the year, enhancing the street’s reputation as a hub for heritage and tourism. Notably, the Haikou Urban Art Week in October showcases traditional costumes, parades, and performances, drawing rave reviews from tourists who appreciate the seamless blend of tradition and modernity.

A Feast For The Senses

Beyond the historical sites, Haikou stands out for its stunning coastal views, delectable culinary offerings, and myriad outdoor activities. Beach lovers can relax and enjoy sunsets at Holiday Beach, while adventurers may embark on hiking trails in the Leiqiong Global Geopark, a UNESCO-recognized site exemplifying the region’s volcanic landscapes. The cities’ other attractions ensure that there’s something for everyone, whether you're seeking relaxation or exploration.

Rapid Industrial Advancements

In recent years, Haikou has made ambitious strides in developing a modern industrial ecosystem anchored in technology and innovation. Data indicates that the total output of large industrial enterprises has escalated from 54.35 billion yuan ($7.51 billion) in 2018 to 88.51 billion yuan in 2023. The pharmaceutical sector alone accounted for 27.36 billion yuan in output, reflecting a growth of 10.4 percent from 2022. The city's commitment to promoting the digital transformation of pharmaceutical firms is evident in initiatives at the Haikou National High-tech Industrial Development Zone.

Among the frontrunners in this transformation is Qilu Pharmaceutical (Hainan), renowned for its advanced research and production capabilities. This year, the company launched a cutting-edge facility capable of full-process automation, significantly enhancing production efficiency.

A Hub for Emerging Industries

In addition to pharmaceuticals, Haikou is witnessing growth in emerging sectors, including the digital economy and artificial intelligence. At the Digital China Summit in May, Haikou emerged as a frontrunner in data service innovations, establishing pioneering partnerships such as the AI Data Annotation Center in collaboration with Baidu AI Cloud. This center has already attracted around 1,100 employees and is anticipated to generate an annual output value of 50 million yuan.

The local government continues to refine supportive policies for tech companies to stimulate a national digital economy cluster in Haikou, enhancing the city’s appeal to both local and foreign investors.

Commitment to Global Engagement

In line with its aspirations, Haikou is dedicated to openness and attracting international business. The establishment of Dun & Bradstreet's subsidiary in 2022 marked the beginning of a period of rapid growth, with the company expanding its staff and services significantly.

Strategically situated within the Hainan Free Trade Port (FTP), Haikou is steadily becoming a preferred choice for global investors, driven by robust policies supporting entrepreneurship. Statistics demonstrate remarkable growth, with 4,850 foreign-funded enterprises launched within the past two years. Furthermore, Haikou boasts impressive trade statistics, featuring 77.01 billion yuan in imports and exports by November 2024.

International connectivity has also improved, with Haikou Meilan International Airport handling a significant volume of passenger traffic and various international logistics routes.

Local officials are working tirelessly towards establishing independent customs operations by 2025, set to facilitate the cross-border movement of goods and capital, positioning the city firmly as a pivotal hub in the global marketplace.

In summary, Haikou is not only a treasure trove of cultural heritage but also a city propelling itself into the forefront of modern industry, making it a must-visit destination for cultural enthusiasts and business investors alike.