Hainan offshore duty free sales hit US$7.24 billion in one year since new policy introduced; H1 sales surge past 2020 levels The Moodie Davitt Report The Moodie Davitt Report


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Key stories from China and related to Chinese travellers are featured each week on The Moodie Davitt Report’s new WeChat Official Account. Please scan the QR code to follow us. CHINA. Offshore duty free sales in Hainan province soared to RMB46.8 billion (US$7.24 billion) in the full year following the introduction of enhanced shopping allowances on 1 July 2020, a +226% increase year-on-year, Hainan Customs reported yesterday. Key changes to the offshore duty free shopping policy last year included: The offshore shopping quota being increased from RMB30,000 to RMB100,000 (US$15,500). The number of categories was raised from 38 to 45...