WebDec 16, 2024 · Hainan offshore duty-free shopping sales surged thanks to attractive policy changes and restrictions on international travel. By the end of October 2024, sales were growing at a rate of 98% year-to-date. Hainan duty-free shopping is the first step in the development of a domestic duty-free channel, with new licenses being granted. WebMar 19, 2024 · An announcement of the new “inland” or “resident” duty free policy is expected any day, catering to Hainan residents who will not have to leave the island to shop and will benefit from an anticipated RMB30,000 (US$4,650) annual allowance on a …
All you need to know about Hainan
Web14 hours ago · 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 … Web1 day ago · * Over the years, more than 180 policies and measures on tariff exemptions and trade and investment facilitation have gone into effect to support the development of the Hainan FTP. * Sales of offshore duty-free shops in the province are expected to exceed 80 billion yuan this year after exceeding 60 billion yuan in 2024. burnout mollis 2023
Hainan’s $40 billion prize: The new battleground for global luxury
Web2 days ago · CHINA. China Duty Free Group’s (CDFG) committed participation in the third China International Consumer Products Expo (Consumer Expo/Hainan Expo), hosted by Ministry of Commerce of PRC and The People’s Government of Hainan Province, is a testimony to the “innovative energy” of China’s travel retail market. Web13 hours ago · Tropical vacation destination plays key role in driving consumption upgrade in nation. Major Chinese duty-free retailers said offshore duty-free shopping in Hainan … Web10 hours ago · People walk past a booth of Estee Lauder at the third China International Consumer Products Expo, in Haikou, Hainan province, China April 12, 2024. REUTERS/Casey Hall HAIKOU, China, April 14 ... hamilton noise bylaw