Exchanges in international energy, shipping, commodities and carbon trading will be established in Hainan. The island will also focus on developing modern service industries such as tourism, the Internet, healthcare, finance and hosting conferences and exhibitions.
Since China's reform and opening-up began 40 years ago, the mining industry has developed, improving local infrastructure and living conditions. Shi eventually hung up his shoulder pole and became a mine worker until he retired.
The family restaurant serves more than 30 tables every day on average, earning a gross annual income of about 300,000 to 400,000 yuan. As the number of customers increased, the single trash can at Shi's home began to overflow. Three bigger ones were soon added.
The units specialized in investigating and prosecuting corruption-related cases, which will be directly linked to the Attorney-General.
"Just like any other SOEs, the reform will take time for the industry and the market to adjust, and it needs support from companies and enterprises of all different ownership," he added.