Decoding significance of Hainan free trade port

On December 18, 1978, China set reform and opening-up in motion at the Third Plenary Session of the 11th CPC Central Committee. Forty-seven years later, another major milestone is occurring. Hainan Province begins island-wide special customs operations, the final step in activating China's first free trade port. Experts explain why the move is important for China's opening-up drive and what new opportunities the free trade port will bring for China and the rest of the world.