Hainan’s duty-free sales increase 250% after new trade policy

The sales of duty-free shops in China’s island province of Hainan exceeded 5 billion RMB (about $720 million) from July 1 to August 18. This represents an increase of 250% year on year. The total sales of products priced over 8,000 RMB grew by a whopping 420% to 1.2 billion RMB. Despite travel restrictions due … Continue reading Hainan’s duty-free sales increase 250% after new trade policy