China fleshes out Hainan free trade port plan
the Ministry of Finance and the State Taxation Administration lowered the income tax rate to 15 percent for eligible companies registered in Hainan.
income tax rate：所得税率
The two central departments also capped the personal income tax rate at 15 percent for individuals with high-level and in-demand expertise working in Hainan.
individuals with high-level and in-demand expertise：高端紧缺人才
Chinese authorities announced on Monday that they will increase Hainan's annual tax-free shopping quota to 100,000 yuan (about 14,142 U.S. dollars) per person each year for travelers.
tax-free shopping quota for travelers：离岛免税购物额度
New policies in the past month also covered customs regulations, vessel registration, and air transport. The trial of the Seventh Freedom of the Air in Hainan allows foreign carriers to operate flights between two foreign countries without the need to touch down in the airline's home country
the Seventh Freedom of the Air：第七航权
The country's top economic planner said in late June that it will allocate a total of 3.5 billion yuan from the central budget to fund infrastructure construction and public services improvements in the Hainan free trade port.
infrastructure construction and public services：基础设施和公共服务