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China's Hainan registers 90.6 bln yuan of duty-free sales from July 2020 to June 2022

July 05, 2022


Abstract : By the end of June this year, offshore duty-free shops in south China's island province of Hainan posted a total sales turnover of 90.6 billion yuan since the province raised its annual tax-free shopping quota in July 2020, the Shanghai Securities News reported.

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A customer views a watch in a duty-free shop in Haikou, capital of south China's HainanProvince, Jan. 3, 2022. (Xinhua/Guo Cheng)

BEIJING, July 5 (Xinhua) – By the end of June this year, offshore duty-free shops in south China's island province of Hainan posted a total sales turnover of 90.6 billion yuan since the province raised its annual tax-free shopping quota in July 2020, the Xinhua-run Shanghai Securities News reported.

According to data from Haikou Customs, Hainan's offshore duty-free shops received 12.28 million customers and sold 125 million items during the period, with the average daily sales hitting 124 million yuan.

Since July 1, 2020, Hainan has raised its annual tax-free shopping quota from 30,000 yuan to 100,000 yuan per person. The duty-free purchase limit for cosmetics has been raised from 12 items to 30 items.

China released a master plan in June 2020 to build the island province into a globally influential and high-level free trade port by the middle of the century. Since then, Hainan has been growing into an attractive shopping destination for domestic consumers. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: Hainan

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