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Duty-free sales boost foreign trade in China's Sanya
The import and export volume in the Chinese resort city of Sanya surged to 24.23 billion yuan (about 3.4 billion U.S. dollars) in 2023, up 13.1 percent year-on-year, with duty-free goods playing a vital role, said the Sanya Customs on Sunday.
January22,2024
Hainan's offshore duty-free sales hit 28.93 bln yuan in Jan.-July
South China's island province of Hainan recorded total offshore duty-free sales of 28.93 billion yuan (about 4 billion U.S. dollars) in the first seven months of this year.
August09,2023
Hainan sees offshore duty-free sales up 14.6 pct in Q1
South China's island province of Hainan reported a total of 16.9 billion yuan (about 2.46 billion U.S. dollars) in offshore duty-free sales in the first quarter (Q1) of this year, a year-on-year increase of 14.6 percent, according to Haikou Customs.
April18,2023
China's resort island reports growing offshore duty-free sales during Spring Festival
South China's island province of Hainan reported a total of 1.56 billion yuan (about 234 million U.S. dollars) in offshore duty-free sales during the seven-day Spring Festival holiday, a year-on-year increase of 5.9 percent, according to Haikou Customs.
January28,2023
Foreign investors confident in Hainan's offshore duty-free industry on spurring consumption transformation and upgrading
Against the backdrop of the global duty-free industry being greatly affected by the COVID-19 epidemic, the growth momentum of offshore duty-free sales in China's Hainan Province seems to be "an exception" as it becomes the strong driving force to win back national consumption and promote consumption upgrade.
May13,2021
China's resort island Hainan reports surging duty-free sales
China's southern island province of Hainan recorded a surge in spending at duty-free shops since the implementation of a new duty-free policy in July, official data showed.
December21,2020
China's island province Hainan reports duty-free sales surge in 2019
Offshore duty-free shops on China's island province of Hainan raked in 13.61 billion yuan (about 1.97 billion U.S. dollars) in sales in 2019, up 35 percent year on year, local authorities said Wednesday.
January15,2020
Hainan duty-free sales rise 29 pct in Q1
Offshore duty-free shops on China's island province of Hainan raked in 4.24 billion yuan (about 632.5 million U.S. dollars) in sales in the first quarter of this year, up 29.2 percent year on year, local customs said.
April15,2019
China unveils new individual income tax rules for exemption
China Saturday announced specific rules concerning tax exemption to reduce the amount of individual income tax (IIT) paid on incomes earned overseas.
March18,2019
China's resort island further relaxes duty-free shopping restrictions
The popular Chinese resort island of Hainan Province will further relax limits on offshore duty-free shopping from next month.
November29,2018
Hainan duty-free sales rise 24 pct in H1
Offshore duty-free shops on China's island province of Hainan sold 5.25 billion yuan (772 million U.S. dollars) of goods in the first half of this year, up 24 percent from the same period of last year
August07,2018
China renews tax exemption to encourage technology imports
China's Ministry of Finance (MOF) has extended a duty-free policy for technology imports to facilitate a national manufacturing improvement strategy.
November16,2017
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