Hainan province is looking to achieve 2 million tonnes in air cargo throughput with revenue of RMB 320 billion in logistics industry by 2035, the government said. This is expected to lower the province’s total logistics cost to 10% of its GDP.
The province will turn into an integrated logistics ecosystem with internationalized ports and airports, building a strong network with global supply chain.
Air cargo throughput should arrive 400,000 tonnes in 2025 with total revenue of logistics industry at RMB 130 billion, it added.
Between 2016 and 2020, the expansion of the Terminal 3 of Qionghai Bo’ao Airport, Yongxing Island Airport and Sanya Phoenix International Airport, as well as the Terminal 2 of Haikou Meilan International Airport had been kicked off.
In 2020, cargo throughput reached 242,000 tonnes, nearly doubled from that of 2015. Total revenue for logistics industry for the province was at RMB 64.3billion, up 31.8% from 2015.