Hainan Free Trade Port and the Geopolitical Dimension: China’s “Second Division of Labor System”
Hainan’s Dec 18, 2025 customs closure is not just about cheaper imports. It combines a 74% zero‑tariff regime, a 30% value‑added gateway into mainland China, emerging ASEAN shipping corridors, and new financial infrastructure such as EF accounts and BIS mBridge’s multi‑CBDC platform. This article separates verifiable facts from cautious interpretation—and outlines what to watch next.