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Construction of Hainan FTP gives impetus to duty-free shopping Xinhua | Updated: 2021-07-06 09:21 Share CLOSE 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.
Policies help fuel duty-free hub hopes By MA ZHIPING | China Daily | Updated: 2021-07-05 09:25 Share CLOSE Consumers browse cosmetics at a duty-free store in Haikou, Hainan province, on June 18. [Photo by Wang Chenglong/For China Daily]
Shopping boom continues in Hainan with major spikes in customers, sales
The duty-free shopping boom has picked up momentum in Hainan province as fine-tuned national policies turn the resort island into a duty-free shopping hub, officials and experts said.
Offshore duty-free sales reaped 46.8 billion yuan ($7.2 billion) in the 12 months to June 30 in Hainan, surging 226 percent year-on-year, customs officials in Haikou, the provincial capital, said on Saturday.
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