The Tragic Reality of the Hainan Scam The Situation Is Worse Than Expected

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On December 18th last year, the Hainan Free Trade Port officially launched its island-wide customs closure, which the CCP authorities have positioned as an "important gateway for opening up to the outside world in the new era."

However, there is a significant gap between the glamorous vision of the free trade port depicted by official media and the actual situation reported by the public. Several interviewees on the island stated that despite policy implementation, wages have not increased, while the cost of living continues to rise.

Analysts point out that Hainan lacks the legal and political environment necessary for a free economy. With China's economic downturn, the bursting of the Hainan Free Trade Zone bubble is anticipated. It may become an economically isolated island under the tight control of the Chinese Communist Party authorities.

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