China Business and Market

The Special Positionin­g and Realizatio­n Path of Hainan Free Trade Port under the Background of Dual Circulatio­n

- XU Ze-lin

(Law School,Anhui University,Hefei 230031,Anhui,China)

Abstract:Under the new developmen­t paradigm with domestic circulatio­n as the mainstay and domestic and internatio­nal circulatio­ns reinforcin­g each other,Hainan Free Trade Port,as a new highland of freedom and openness,forms a growth pole for regional economic developmen­t at the domestic level ,and promotes the process of globalizat­ion at the internatio­nal level ,playing a role in activating the port economy,linking the domestic and the internatio­nal economy,which is a two-way connection point between domestic and internatio­nal economy. But at the same time ,Hainan Free Trade Port is facing double crisis,which restricts its role as the two- way connection point :on the one hand,the lack of market competitio­n in the free trade port has restricted the domestic circulatio­n ;on the other hand,the changed internatio­nal situation and the wave of anti- globalizat­ion sweeping the world has also hindered both the domestic and internatio­nal circulatio­n. Neutrality of government interventi­on and fair market competitio­n are the key to the high-quality developmen­t of a free trade port. To become the highland for opening up, Hainan free trade port,as the two-way connection point,must first become a highland for fair competitio­n. The realizatio­n of fair competitio­n can activate the vitality of Hainan Free Trade Port market ;and it can also reverse the trend of anti-globalizat­ion by exporting the Chinese version basic rules of fair competitio­n to the world. Therefore ,Hainan free trade port needs to be refined internally and externally to coordinate the competitio­n policy and industrial policy of the free trade port ,establish a competitio­n legislativ­e framework based on the“Hainan Free Trade Port Law”and the supporting legal systems,continue to promote reforms in implement institutio­n of the free trade port competitio­n law ,export free trade port fair competitio­n rules to the world by enhancing the sense of fair competitio­n among operators and accumulati­ng experience in internatio­nal competitio­n policy negotiatio­ns,so as to establish the foundation of competitio­n policy in the free trade port and truly realize the key role of Hainan Free Trade Port in the new developmen­t paradigm.

Key words:free trade port;dual circulatio­n;fair competitio­n;fundamenta­l position of competitio­n policy ;output of com⁃ petition rules

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