Apple News Facebook Twitter 新浪微博 Instagram YouTube Monday, Jul 13, 2020

China's island province sees duty-free shopping surge after policy upgrading

(Xinhua)    16:59, July 13, 2020

BEIJING, July 13 (Xinhua) -- China's island province of Hainan has recorded spending on offshore duty-free shopping by visitors of 450 million yuan (about 64.34 million U.S. dollars) from July 1 to 7, according to the General Administration of Customs.

During the period, the average daily tax exemption was 9.39 million yuan, up 58.2 percent from the average daily amount in the first half of the year, the administration said.

Cosmetics, jewelry and watches were the most popular products, with their sales accounting for 77.3 percent of the total.

Starting from July 1, Hainan has increased its annual tax-free shopping quota from 30,000 yuan to 100,000 yuan per person each year.

The range of duty-free goods has also expanded, growing from 38 categories to 45, while the previous tax-free limit of 8,000 yuan for a single product has been lifted.

China released a master plan in early June on building the southern island province into a globally influential free trade port.

The customs administration said individuals who resell or smuggle duty-free goods will have the action included in their personal credit report, in accordance with laws and regulations, and will not be allowed to purchase off-shore duty-free goods for three years. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Liang Jun, Bianji)

Add your comment

We Recommend

Most Read

Key Words