Construction of Hainan FTP gives impetus to duty-free shopping
Xinhua |
Updated: 2021-07-06 09:21
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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.