Sales at Hainan’s duty free stores up by 136,9% during the ‘golden week’ in China Business & Economy


Source: tass.com tass.com

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The province's duty free policy is not only helping to turn Hainan into an international center for tourism and consumption, but is also helping to build the island's free trade port HAIKOU, October 7. /TASS/. Sales at Hainan duty free shops for five days of the "golden week", which began on October 1, amounted to 530 million yuan (about $ 78 million). This indicator, according to a report from China Central Television (CCTV), grew by 136.9% in annual terms. Such a high growth rate of sales volume over the said period was noted against the background of an increase in...