Latest News:  
Beijing   Sunny/Cloudy    20 / 10 ℃  City Forecast

English>>China Society

Hainan cashes in on expanded duty-free policy (2)

(China Daily)

11:14, November 02, 2012

Wang said the province expects annual sales of duty-free goods to reach 4 billion to 5 billion yuan after the new policy, 80 to 90 percent more than in the past.

Hainan's annual tourism revenue growth is expected to rise by 6 to 7 percentage points, benefiting retailing and logistics businesses, Wang was quoted as saying.

To achieve this goal, Wang said efforts have to be made to improve fiscal policies, supporting facilities and service standards on the island.

A resident who gave his name as Tong said he expects the maximum purchase limit could go even higher.

"I'm an amateur photographer, and I hope duty-free items will expand to consumer electronics, like cameras and PCs," he said.

Zhang Guangrui, director of the Chinese Academy of Social Sciences' Tourism Research Center, said the policy fine-tuning would give a better deal to domestic tourists who have less chance to go abroad but are eager to purchase luxury brands.

"The pilot measures could set off a chain reaction, with other provinces establishing more duty-free stores at tourist destinations," Zhang said.

But he suggests that more Chinese brands should take advantage of the expansion of duty-free shops.

"So far, 80 percent of the commodities sold, especially luxury goods, are foreign brands, which shows customers' loyalty to import items," Zhang said.

"In South Korea, for example, this type of shop tends to serve as the display window for local, specialty products such as cosmetics."

Zhang also said the policy will have more incentives for domestic customers from second- and third-tier cities.

"International tourists and tourists from metropolises like Beijing and Shanghai have more options and can more easily buy luxury goods. But tourists from smaller cities have shown stronger purchasing power on the island."

Liu Xiaoli in Haikou contributed to this story.

【1】 【2】

Most viewed commentaries
Recommended News
People have fun at Angry Birds theme park Sexy girls in China's national pole dancing team Willys Jeep seen in Tianjin, still works
China's new-type rescue ship to be put into service 50,000 gay people attended same sex parade Top 10 Chinese universities for fostering political elites


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. APF troop unit conducts conscription publicity

  2. J-10 takes off from China’s aircraft carrier

  3. DPRK’s leader watches soccer game

  4. People have fun at Angry Birds theme park

  5. Cute giant panda cubs

  6. China's manufacturing picks up in October

  7. Ditan Park's Autumn Complexion

  8. World's most famous luxury limos

Most Popular


  1. Noda cabinet hangs by a thread
  2. Strong yuan poses risk for economy
  3. Time to rethink music profit models
  4. Policy support for private sector
  5. Japan urged to face change on Diaoyu issue
  6. What kind of 'busy culture' do we need?
  7. 'Noah's Flood' breaks down the cultural barrier
  8. A vital asset for emerging ratings agency
  9. Clearing the path for global currency
  10. Why scary Chinese movies are so scarce

What’s happening in China

Online dating, a rising trend in China

  1. Use of China's Beidou GPS technology spreading
  2. Banned drug found in pork sample
  3. Security check includes pat down of bra, undies
  4. Migrants to be half of city population
  5. Fines set for overseas births over legal limits