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Xinhua Silk Road
News for Outlets

China to open more local duty-free shops

February 22, 2021


Abstract : Many cities in China have announced to open more local duty-free shops to boost consumption, reported Shanghai Securities News on Monday.

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Consumers shop at a duty-free shop at Sun Moon Plaza in Haikou, capital of south China's Hainan Province, on Dec. 27, 2020. (Xinhua/Zhang Liyun)

BEIJING, Feb. 22 (Xinhua) -- Many cities in China have announced to open more local duty-free shops to boost consumption, reported Shanghai Securities News on Monday.

Southwest China's Chongqing Municipality will see a new local duty-free shop open in February, which will be the only one in the southwest part of the country.

Thanks to the encouraging policies from the central government, many cities have planed to open local duty-free stores by the end of this year, such as Tianjin, Chengdu and Wuhan.

The northern port city of Tianjin and Chengdu, the capital of southwest China's Sichuan Province, have already worked with the China Duty Free Group (CDF) to accelerate the process.

"It is expected that China will open more local duty-free stores in inland cities with great economic strengths and regional influence", said Zhang Yiqun, an expert with Society of Public Finance of China.

He added that this move will further show China's determination to push forwards opening-up and to promote globalization. Besides, it will meet domestic demands as well as drive global economic recovery in the post-pandemic era.

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

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