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Home / South China Morning Post / China plans to ‘redirect’ duty-free spending power, but regulatory crackdowns could make brands ‘reluctant’

China plans to ‘redirect’ duty-free spending power, but regulatory crackdowns could make brands ‘reluctant’

Summary:
[unable to retrieve full-text content]Duty-free shopping will play a more prominent role in plans to boost China’s economy with more domestic consumption, but various ongoing regulatory crackdowns could turn off international brands and restrict the development of proposed consumer cities, according to an analyst.As part of its 14th five year plan and 2035 vision, China will spend five to 10 years developing a number of international consumer centre cities, with Beijing, Shanghai, Guangzhou, Tianjin and Chongqing playing a leading…

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[unable to retrieve full-text content]
Duty-free shopping will play a more prominent role in plans to boost China’s economy with more domestic consumption, but various ongoing regulatory crackdowns could turn off international brands and restrict the development of proposed consumer cities, according to an analyst.As part of its 14th five year plan and 2035 vision, China will spend five to 10 years developing a number of international consumer centre cities, with Beijing, Shanghai, Guangzhou, Tianjin and Chongqing playing a leading…
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