What’s the most important lesson to draw from Hainan’s development during the past three decades?
There are four points that I have concluded.
First, the key to the economic development of an island lies in openness. Unlike Shanghai or Beijing, Hainan can be somewhat sluggish and closed by nature. It must overcome these weaknesses by adopting an open development model, so as to release its endogenous power. A minor change in the policy cannot solve the root problem.
No island can develop purely through enjoying preferential policies. This is decided by its inherent laws. The success of island economies worldwide lies in openness. In the context of globalization, the level of an island’s openness can decide its level of development. It is safe to say that Hainan’s development in recent years can be attributed to openness.
Second, structural reform should be compatible with the openness model. Island cities are very different from inland ones. As important as policies are, the systems and mechanisms should fit with the openness model. This is also the goal of reform.
I think we should follow the comprehensive deepening of reform introduced by the Central Committee of the Communist Party of China and tap into the full potential of Hainan. We should also make major breakthroughs in economic, social, political and ecological systems.
Hainan needs to make breakthroughs in promoting systematic reform in economic structure, social organization, administration and ecological advancement. The island should be developed as a whole while moving fast to make innovation in city planning and management, administration, resource pricing, ecological protection, and service industry development. In this way, we can stimulate the vitality of individuals, enterprises and the entire society; make full use of the decisive role of the market in resource distribution; break through the administrative partition and regional barriers in utilizing resources to form a unified force for coordinated development in towns and counties; and create a new driving force for Hainan’s sustainable development.
Third, we need to be selective when choosing industrial development. We should never pursue the path of traditional industrialization nor investment-driven development. To be an international tourism destination, Hainan can develop tourism as its pillar industry. This is the comparative advantage of an island economy.
However, there is still a lot of room for the development of Hainan’s tourism industry. Our tourism products are not rich and diverse. For example, health tourism is an underdeveloped area. The level of the internationalization of tourism is not high enough. With the upgraded consumption structure of the Chinese people, they require more international tourism products. Island tourism should be combined with the service industry, including aviation, cruise trips and financial products.
The development of Hainan’s tourism should adapt to the changes in the consumption structure. Promoting tourism in the traditional sense is far from enough. Although we still have a lot of difficulties, Hainan should transform into a modern industrial system with tourism as the key and the service industry as the lead.
Fourth, the core of development of an island economy is its strategic positioning. We need to open our horizons and follow the trend beyond its limits. Fixing our eyes on the island will not make us stand out throughout the country. So understanding our strategic positioning is extremely crucial. Hainan should promote itself as the go-to province to lead cooperation, development and opening up in the Pan-South China Sea area, and to become the corridor to connect free trade between China and other economies in the region.
Second, Hainan must also conduct comprehensive reform to stimulate the vitality of all market players and build a more dynamic system.
Third, it should share the responsibility of executing the country’s development strategy in the South China Sea, since its advantages and strategic status derive from adjoining the sea. In the future, Hainan must give full play to its geographical positioning and fulfill its mission of contributing to China’s efforts to be a strong maritime country.
Fourth, Hainan must strive to implement the green development plan as a sound eco- environment is its strongest advantage. At the request of the Central Government, Hainan needs to put more efforts into increasing its vegetation coverage and defending the blue sky. By adopting the new model, systems and mechanisms related to green development formed since the reform and openingup drive, Hainan can forge a new road for harmonious development between humankind and nature.
We must strive to build Hainan into a prominent international, modern and beautiful island by 2049. At that time, the main indicators of economic and social development should reach the level of an advanced economy and the objective of high internationalization should be realized. Advanced Chinese green development should play a leading role in the world.
I believe there is currently a favorable development environment, and as long as we adopt a more open model and maintain economic growth, Hainan could usher in greater achievements.
This is my unfinished dream regarding the development of Hainan. I dedicated my youth to Hainan, poured my earnest emotions into Hainan and rooted my life here. Despite my advanced years, I still plan on making contributions to the development of Hainan. I love its beautiful green waters and mountains and I want to strive for its prosperity. I am looking forward to embracing the development of Hainan in the next 30 years.