HAIKOU, Feb. 24 (Xinhua) The government of south China Hainan has recently wrapped up a promotional tour outside the province, part of a broader heightening
Wangfujing partners with Hainan Rubber to enter Hainan duty free
The two companies will be establishing two new subsidiaries
Wangfujing Group has teamed up with natural rubber manufacturer
Hainan Rubber to establish joint ventures to provide duty-free products to Hainan residents, taking advantage of a new tax-exemption policy not yet written into law, but expected in the coming period.
Under the agreement, the two companies are creating two joint subsidiaries, the
Hainan Haiken Wangfujing Daily Duty Free Commodities Management Co. and the
Hainan Wangfu Jinghaiken Duty Free Products Co. (both names still tentative) for the development, operation and management of duty-free items in Hainan.