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Xinhua Silk Road
News for Outlets

S. China's Hainan sees duty-free sales surge 319.7 pct during Jan.-Feb.

March 24, 2021


Abstract : Duty-free sales in China's island province of Hainan reached 8.324 billion yuan in the first two months of 2021, an increase of 319.7 percent year on year, reported by Chinanews.com Tuesday quoting Haikou Customs.

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Photo: Customers visit a duty-free shop in Haikou, south China's Hainan Province, Jan. 31, 2021.

BEIJING, March 24 (Xinhua) -- Duty-free sales in China's island province of Hainan reached 8.324 billion yuan in the first two months of 2021, an increase of 319.7 percent year on year, reported by Chinanews.com Tuesday quoting Haikou Customs.

Hainan's offshore duty-free shops received 1.03 million customers and sold 10.55 million products during the period, up 114.8 percent and 284.6 percent year on year, respectively.

From January 26 to February 20, 2020, many duty-free shops in Hainan closed due to the COVID-19 epidemic. However, with the domestic epidemic condition under effective control, Hainan duty-free shops ushered in a shopping boom during the Spring Festival holiday in February this year.

According to data from the Department of Commerce of Hainan Province, the sales of nine duty-free shops during the seven-day Spring Festival holiday exceeded 1.5 billion yuan, doubling the amount of the Spring Festival holiday before the epidemic in 2019.

As the core policy of the Hainan free trade port, the new policy on offshore duty-free has achieved remarkable results since its implementation with the actual sales reaching 32.73 billion yuan and an average daily sales of more than 120 million yuan from the implementation of the policy last year to the end of December 2020, said Sun Dahai, secretary-general of the Communist Party of China Hainan Provincial Committee.

(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)

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Keyword: Hainan Duty-free

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