HAIKOU (XINHUA) – South China’s island province of Hainan reported a total of CNY1.56 billion in offshore duty-free sales during the seven-day Spring Festival holiday, a year-on-year increase of 5.9 per cent, according to Haikou Customs.
The number of shoppers for duty-free products in Hainan from January 21 to 27 totalled 157,000, up 9.5 per cent from last year’s Spring Festival holiday, from January 31 to February 6. Each shopper spent an average of nearly CNY10,000. 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 grown into an attractive shopping destination for domestic consumers.
In October 2022, Haikou International Duty-Free Shopping Complex, the world’s largest stand-alone duty-free shopping mall, opened in Haikou, the capital of Hainan.