WTR is a unique and timely intelligence service informing commercial trademark decision making by assessing the business impact of trademark law developments.
Alibaba consolidates community group buying operations under new Taocaicai brand thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
1 2020-12-16 08:31:44Global Times
Editor : Li Yan
ECNS App Download
Duty-free sales of offshore shops in South China s Hainan Province are expected to exceed 26 billion yuan ($3.97 billion) this year, and total sales including products that are taxed could surpass 31.5 billion yuan, according to the commerce department of Hainan on Tuesday.
Analysts said that China s total retail sales this year could drop 3 percent year-on-year due to the impact of the epidemic, but in 2021, consumption will likely see 13-percent growth. Consumption is expected to boost economic growth next year by more than 60 percent.
Between the launch of duty-free shopping in Hainan in 2011 and the end of 2019, a total of 16.31 million purchases had been made, with a total value of 53.8 billion yuan, according to customs data.