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In June 2020, China released a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century. Series of opening-up policies have been issued to create a "foreign investor-friendly" business environment in Hainan.
* China's Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, which marks the anniversary of the milestone Third Plenary Session of the 11th CPC Central Committee in 1978 that ushered in the reform and opening-up, underscores China's unwavering commitment to high-standard opening-up.
The Catalogue of Encouraged Industries in the Hainan Free Trade Port (2024 Edition), which came into effect on 1 March 2024, specifies that in addition to those categories receiving encouragement under existing national industrial catalogues, Hainan will have 14 more industries receiving such treatment, creating a total of 176 types.
An aerial drone photo shows a duty-free shopping mall in Sanya, South China's Hainan province, May 29, 2025. [Photo/Xinhua] The Hainan Free Trade Port will launch island-wide independent customs operations on Dec 18, a key step in transforming the tropical island into a globally significant free trade hub, a senior official announced Wednesday.
Large power plants feed their electricity into this level and distribute it to the subordinate distribution grids, from which the electricity goes to households. In addition, the transmission grid connects the German electricity grid with those of neighbouring European countries and the European energy exchange.
A strong and highly interconnected electricity grid is one of the key flexibility assets in Germany – and Europe. No other region of the world has a comparable cross-national grid as robust, reliable and interconnected as that in Europe.
Being responsible for Germany's high-voltage grid, TSOs maintain, operate, plan and expand grid infrastructure. For example, 50Hertz Transmission — owned by Belgian company Elia Group (80%) and German state-owned KfW banking group (20%) — controls the grid in eastern Germany and parts of it in the north.
In Germany the high voltage transmission grid is largely owned by the four transmission system operators (TSOs): TenneT, 50Hertz Transmission, Amprion and TransnetBW. At the level of the distribution grids the electricity is transmitted at high, medium and low voltage. The high voltage grid is used for the primary distribution of the electricity.
