Wednesday , January 20 2021
Home / South China Morning Post / China’s Hainan free-trade port plan off to fast start as duty-free shopping soars in first week

China’s Hainan free-trade port plan off to fast start as duty-free shopping soars in first week

Summary:
[unable to retrieve full-text content]Duty-free sales on China’s island province of Hainan surged in the first week of July after Beijing raised the annual tax-free shopping limit for tourists as part of its new free-trade port plan.Tourists, the vast majority who were Chinese, spent 450 million yuan (US million) on imported goods at Hainan’s four duty-free malls in the first week of July, according to the Hainan Customs Administration, after taking advantage of the new 100,000 yuan (US,300) annual per person tax-free limit…

Topics:
He Huifeng considers the following as important:

This could be interesting, too:

Tyler Durden writes Media Cheers DC Under Military Occupation

Tyler Durden writes China Unveils New Attack Drone For “High-Threat Battlefield Environments” 

Reuters writes China increased US debt holdings for first time in six months in November despite overall decline

Tyler Durden writes Greenwald: The New Domestic War On Terror Is Coming

[unable to retrieve full-text content]
Duty-free sales on China’s island province of Hainan surged in the first week of July after Beijing raised the annual tax-free shopping limit for tourists as part of its new free-trade port plan.Tourists, the vast majority who were Chinese, spent 450 million yuan (US$64 million) on imported goods at Hainan’s four duty-free malls in the first week of July, according to the Hainan Customs Administration, after taking advantage of the new 100,000 yuan (US$14,300) annual per person tax-free limit…

Leave a Reply

Your email address will not be published. Required fields are marked *