Duty-free discounts fueling greater travel spending By HE WEI and MA ZHIPING in Haikou | China Daily | Updated: 2021-05-10 07:04 Share CLOSE Visitors cluster around an 88-carat black diamond encased in a glass pyramid at the China International Consumer Products Expo in Haikou, Hainan province, on Saturday. [Photo/China Daily]
Duty-free shopping in China is bolstering consumer spending with a spate of policies driving retail sales, and industry players are not shying away from forecasting more gains after the sector s stellar growth in the past year.
Brands from home and abroad are flocking to introduce new products and exclusives for travel retailers during the China International Consumer Products Expo in Haikou, capital of Hainan province, where incentives like zero import taxes and shorter negative lists are fueling business optimism.