Hainan Targets 220 Billion Yuan Digital Economy Revenue by 2027

China's Hainan province is accelerating its transformation into a key innovation hub for the digital economy through a series of strategic initiatives. The provincial government recently released the “Three-Year Action Plan to Accelerate the Construction of a Distinctive and Advantageous Modern Industrial System in Hainan Province,” setting a target of 220 billion yuan in core industry revenue from the digital economy by 2027 [1]. This plan emphasizes innovation-driven development, focusing on blockchain, artificial intelligence, and big data to enhance digital applications in health, entertainment, and sharing platforms. It also highlights the importance of data security, the growth of the data factor market, and the digital transformation of industries such as petrochemical new materials, biomedicine, and equipment manufacturing [1].

A groundbreaking development in Hainan’s digital strategy is the launch of the world’s first commercial underwater data center, which leverages the ocean’s natural cooling properties to improve energy efficiency and reduce operational costs [5]. This project is part of a broader effort to streamline customs procedures through digital and smart technologies, aligning with international standards and strengthening Hainan’s role in global digital trade [3]. The province’s Free Trade Port is also operating with island-wide independent customs management, encouraging overseas investment in digital innovation and financial products [6].

Hainan’s digital transformation is not only enhancing internal efficiency but also reinforcing its position as a gateway for international business and technological exchange. By integrating smart technologies into customs operations and industrial development, the province is positioning itself as a competitive player in the global digital economy [3]. Infrastructure upgrades and favorable policy frameworks are further attracting global companies looking to establish a presence in a region that combines strategic location with a forward-looking digital vision [6].

Analysts suggest that Hainan’s unique geographic advantages and proactive digital policies may serve as a model for other regions in China seeking to integrate into the global digital economy [5]. The underwater data center, in particular, represents a novel solution to contemporary technological and environmental challenges, reinforcing Hainan’s image as a leader in unconventional innovation [5].

Source:

[1] BlockBeats News (https://www.theblockbeats.info/en/flash/305761)

[3] Business zone to deepen international cooperation (https://global.chinadaily.com.cn/a/202508/04/WS689007a0a310c0209d01ac72.html)

[5] Coming to areas around the data center (https://www.facebook.com/groups/578771295083098/posts/740234502270109/)

[6] Innovation, solid supply chain attracting FDI (http://en.ce.cn/Business/)