Hainan reported a total of 1.56 billion yuan (US$234mil or RM993mil) in offshore duty-free sales during the holiday, a year-on-year increase of 5.88%, according to Haikou Customs. — China Daily
SHANGHAI: During the week-long Spring Festival holiday, which ended on Friday, duty-free shopping boomed in South China’s island province of Hainan as its tourism gradually rebounded, unleashing new consumption vitality.
Hainan reported a total of 1.56 billion yuan (US$234mil or RM993mil) in offshore duty-free sales during the holiday, a year-on-year increase of 5.88%, according to Haikou Customs.
The number of shoppers for duty-free products in Hainan from Jan 21 to Jan 27 totalled 157,000, up 9.51% from last year’s Spring Festival holiday, which ran from Jan 31 to Feb 6.
In October 2022, Haikou International Duty-Free Shopping Complex, the world’s largest stand-alone duty-free shopping mall, opened in Haikou, capital of Hainan.
During the holiday, duty-free shops in Hainan launched plenty of promotional activities, further stimulating the vitality of duty-free consumption. For many tourists, duty-free shopping has become an essential part of travelling in Hainan.
China released a master plan in June 2020 to build Hainan into a globally influential and high-level free trade port by the middle of the century. Over recent years, the island province has become an attractive shopping destination for domestic consumers. — Xinhua
