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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. ....
Foreign firms pin hopes on consumer products expo 1 2021-04-22 15:19:46China Daily Editor : Wang Yifan ECNS App Download A worker installs window parts of the exhibition halls for the upcoming China International Consumer Products Expo at the Hainan International Exhibition Center on March 15. The first of such exhibitions will be held from May 7 to May 10. (GAO LIN/FOR CHINA DAILY) Next month s fair in Haikou to highlight China s fast-growing spending power With more than 1,100 international brands participating in the first China International Consumer Products Expo in South China s Hainan province next month, global business leaders said the grand event will highlight the country s consumption power on the global stage and offer participating companies fresh opportunities to further diversify market channels. ....