China's Hainan sees surging duty-free sales during Spring Festival holiday

Updated: February 9, 2022 Source: Belt and Road Portal
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Customers select products in a duty-free shop in Haikou, capital of south China's HainanProvince, Feb. 3, 2022.

Offshore duty-free sales in the China's island province of Hainan reached 1.944 billion yuan during the Spring Festival holiday, an increase of 156 percent year on year, said the provincial department of commerce.

According to the department, the total sales of the island's ten duty-free stores, which also sell non-duty free items, surged 151 percent year on year to 2.131 billion yuan during the holiday.

The number of duty-free shoppers totaled 301,800, with about 1.82 million duty-free items purchased, up 138 percent and 157 percent year on year, respectively.

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.

Editor: Yang Yifan