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China announces trade fair to boost Hainan’s duty-free status, show commitment to opening up

Summary:
[unable to retrieve full-text content]China announced on Wednesday plans to hold a huge trade fair in Hainan as part of an effort to turn the tropical island into a duty-free destination, while sending a message that the country’s appetite for Western consumer goods was undiminished despite rising geopolitical tensions.Beijing also hopes the event will spur consumer spending, which is recovering slowly from the coronavirus pandemic, and is at the heart of the government’s “dual-circulation” strategy that aims to reduce China’s…

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[unable to retrieve full-text content]
China announced on Wednesday plans to hold a huge trade fair in Hainan as part of an effort to turn the tropical island into a duty-free destination, while sending a message that the country’s appetite for Western consumer goods was undiminished despite rising geopolitical tensions.Beijing also hopes the event will spur consumer spending, which is recovering slowly from the coronavirus pandemic, and is at the heart of the government’s “dual-circulation” strategy that aims to reduce China’s…

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