Connect with us

Hi, what are you looking for?

Imsilkroad

Hainan duty-free sales expected to hit 4.9 bln USD in 2020

Abstract : Offshore duty-free shops in China's island province of Hainan are expected to rake in 32 billion yuan (about 4.89 billion U.S. dollars) in sales by the end of this year, local authorities said Friday.

Consumers shop at a duty-free shop at Sun Moon Plaza in Haikou, capital of south China’s Hainan Province, on Dec. 27, 2020. Offshore duty-free shops in China’s island province of Hainan are expected to rake in 32 billion yuan (about 4.9 billion U.S. dollars) in sales by the end of this year. According to local authorities, the four shops have seen sales total 31.5 billion yuan so far this year, as sales from Dec. 1 to 24 hit 3.7 billion yuan, accounting for 11.7 percent of the total. (Xinhua/Zhang Liyun)

HAIKOU, Dec. 25 (Xinhua) — Offshore duty-free shops in China’s island province of Hainan are expected to rake in 32 billion yuan (about 4.89 billion U.S. dollars) in sales by the end of this year, local authorities said Friday.

The four shops have seen sales total 31.58 billion yuan so far this year, as sales from Dec. 1 to 24 hit 3.71 billion yuan, accounting for 11.7 percent of the total, according to the provincial department of commerce.

The shops have received 10.83 million tourists so far this year, and about 3.4 million customers have purchased 19.06 million items, a jump of 130 percent compared with the same period last year.

From July 2020, the duty-free shopping quota in Hainan was raised to 100,000 yuan per year from the previous 30,000 yuan, while the purchase limitations were significantly cut and more duty-free products were offered.

The duty-free shops have boosted local tourism, created over 1,800 jobs and brought 2.09 billion yuan of tax revenue to Hainan, according to Liu Xiaodong, general manager of the Hainan headquarters of China Duty Free Group, which operates the shops. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Hainan duty-free sales expected to hit 4.9 bln USD in 2020

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...