Duty-free biz boosts Hainan FTP--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
Major Chinese duty-free retailers said offshore duty-free shopping in Hainan province, a top vacation destination, has become key to boosting consumption upgrade in China, with the duty-free sector playing a significant role in supporting the backflow of international spending into Hainan.
Two new offshore duty-free shops have been approved to open in Haikou, the capital of South China's island province of Hainan, raising the number of duty-free shops in the province to twelve, Economic Information Daily reported on Thursday.