Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    Construction of Hainan FTP gives impetus to duty-free shopping

    Xinhua | Updated: 2021-07-06 09:21
    Share
    Share - WeChat
    A woman browses products at a duty-free store in Haikou, Hainan province, on June 18. WANG CHENGLONG/FOR CHINA DAILY

    HAIKOU-South China's island province of Hainan has seen exponential growth in duty-free sales in the year after a new policy was implemented.

    Hainan's offshore duty-free sales hit 46.8 billion yuan ($7.2 billion) in the period from July 1, 2020 to June 30, soaring 226 percent year-on-year, provincial Customs said in Hainan's capital Haikou on Saturday.

    Duty-free shops in Hainan sold over 60 million duty-free items to more than 6.2 million customers during the period, up 211 percent and 102 percent year-on-year, respectively.

    Since July 1, 2020, Hainan has raised its annual tax-free shopping quota from 30,000 yuan per person to 100,000 yuan. The previous tax-free limit of 8,000 yuan for a single product has been lifted, and the duty-free purchase limit for cosmetics was raised from 12 items to 30.

    In addition, the categories of duty-free goods were expanded to 45 from 38 with the addition of electronic products such as mobile phones and laptops.

    As part of the key moves of constructing Hainan Free Trade Port, the new policy in duty-free shopping attracted more consumers and triggered more spending. The dividends of the duty-free policy were further bolstered in the past year with the opening of five more duty-free shops.

    Qin Lin, a tourist from the Guangxi Zhuang autonomous region, was buying cosmetics at a duty-free shop in downtown Haikou. It was her first visit to Hainan, and duty-free shopping was an important part of her itinerary.

    "With the duty-free shopping quota raised significantly, we can buy more kinds of stuff," Qin said, adding that with overseas travel hindered by the COVID-19 pandemic, Hainan offers consumers a convenient alternative for duty-free shopping.

    Covering an area of 120,000 square meters, the Sanya International Duty Free City in Hainan's Haitang Bay is the world's largest single duty-free shop. With settlement of more than 350 international luxury brands, the place has become a top attraction for tourists from home and abroad.

    Gao Xujiang, deputy general manager of the China Duty Free Group, which operates the shop in Sanya, said despite the pandemic last year, the shop has become the top single commercial complex in duty-free sales in both China and the world, making CDF the largest duty-free retailer in the world.

    Apart from the one in Sanya, another world-class tourism and shopping complex-Haikou International Duty Free City-is being built by the CDF and is expected to open next June.

    As fine-tuned favorable policies continue to draw consumers, the island's offshore duty-free sales are seen exceeding 60 billion yuan in 2021, quadrupling from 2019, Shen Xiaoming, Party secretary of Hainan, said at a news release in April.

    A report jointly released by KPMG China and the Moodie Davitt Report in May said the enhanced shopping policy in July 2020 gave tremendous impetus to brands as other duty-free markets fell into a deep pandemic-driven slump.

    The report predicted Hainan Free Tade Port will likely become the world's biggest duty-free market in the near term if it continues on its current growth curve.

    China released a master plan last June to build the island into a globally influential and high-level free trade port by the middle of the century.

    The plan also took aim at Hainan building itself into an international tourism and consumption destination. Duty-free shopping has already become one of the core competitive features of Hainan's tourism consumption.

    The new policy significantly boosted duty-free consumption in Hainan, and won back a great deal of overseas business. This will help promote the construction of Hainan as a major attraction in international tourism, said Liu Feng, director of the Research Center for Free Trade Port with Chinese Characteristics at Hainan Normal University.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    久久中文字幕人妻熟av女| 免费无码又爽又刺激网站直播| 在线观看中文字幕码| 西西4444www大胆无码| 无码人妻久久一区二区三区免费丨 | 中文无码人妻有码人妻中文字幕| 亚洲精品无码成人片久久| 中文字幕在线观看免费视频| 99无码熟妇丰满人妻啪啪| 亚洲AV无码一区二区三区性色| 国模无码人体一区二区 | 三级理论中文字幕在线播放| 精品国精品无码自拍自在线| 国产成人精品一区二区三区无码| 免费A级毛片无码A∨中文字幕下载 | 熟妇人妻VA精品中文字幕| A∨变态另类天堂无码专区| 日韩AV无码精品人妻系列| 亚洲欧洲精品无码AV| 暴力强奷在线播放无码| 亚洲AV无码无限在线观看不卡| 色噜噜狠狠成人中文综合| 中文字幕AV一区中文字幕天堂| 久久伊人中文无码| 国产亚洲精品无码专区| 国产啪亚洲国产精品无码| av区无码字幕中文色| 久久无码av三级| JLZZJLZZ亚洲乱熟无码| 高清无码视频直接看| 国99精品无码一区二区三区| 成年午夜无码av片在线观看| 国产AV巨作情欲放纵无码| A∨变态另类天堂无码专区| 久久久久亚洲AV无码去区首| 精品无码久久久久久国产 | 亚洲∧v久久久无码精品| 亚洲AV中文无码乱人伦在线观看 | 国产在线无码精品电影网| 中文自拍日本综合| 成人午夜精品无码区久久|