{"id":10839,"date":"2021-02-01T11:26:40","date_gmt":"2021-02-01T04:26:40","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=10839"},"modified":"2021-06-04T15:58:34","modified_gmt":"2021-06-04T08:58:34","slug":"china-boosts-tourism-in-hainan-with-two-new-offshore-duty-free-shops","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/china-boosts-tourism-in-hainan-with-two-new-offshore-duty-free-shops\/","title":{"rendered":"China boosts tourism in Hainan with two new offshore duty-free shops"},"content":{"rendered":"<p><span data-contrast=\"none\">South China\u2019s island province of Hainan now has nine duty-free shops in total\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_10842\" aria-describedby=\"caption-attachment-10842\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-10842 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_716802376.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_716802376.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_716802376.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_716802376.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_716802376.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_716802376.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-10842\" class=\"wp-caption-text\">Panoramic view of Sanya, Hainan, China. ValeryBocman\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">As reported by\u00a0<\/span><a href=\"http:\/\/www.xinhuanet.com\/english\/2021-01\/31\/c_139711370.htm\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">xinhuanet.com<\/span><\/a><span data-contrast=\"none\">, two new offshore duty-free shops were launched in Haikou, Hainan, increas<\/span><span data-contrast=\"none\">ing<\/span><span data-contrast=\"none\">\u00a0the t<\/span><span data-contrast=\"none\">otal number of shops to nine, which will greatly uplift\u00a0<\/span><span data-contrast=\"none\">the province\u00a0<\/span><span data-contrast=\"none\">into an international tourism and consumption destination.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">One of the shops\u00a0<\/span><span data-contrast=\"none\">known as Global Premium Duty-Free Plaza, is situated in a large shopping mall in downtown Haikou<\/span><span data-contrast=\"none\">, and includes products such as electronic goods, cosmetics, perfumes, and imported wine.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The\u00a0<\/span><span data-contrast=\"none\">plaza\u00a0<\/span><span data-contrast=\"none\">opened its first phase on Sunday, while its second and third phases are expected to be completed by<\/span><span data-contrast=\"none\">\u00a0June and September 2021 respectively.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The other shop ran by a Shenzhen company offers close to 500 international brands.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cCompetition impels duty-free companies to enrich products and improve services. Their competitive advantages will help build Hainan into a globally influential tourism and consumption destination, and further attract back home more overseas\u00a0<\/span><span data-contrast=\"none\">spending<\/span><span data-contrast=\"none\">\u00a0by Chinese consumers,\u201d said Wang\u00a0<\/span><span data-contrast=\"none\">Jiansheng<\/span><span data-contrast=\"none\">, chairman of the Hainan Tourism Development Research Association.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">One of the policy changes in Hainan\u00a0<\/span><span data-contrast=\"none\">includes<\/span><span data-contrast=\"none\">\u00a0increasing the\u00a0<\/span><span data-contrast=\"none\">annual tax-free shopping quota from RMB30,000 (USD4,667) to\u00a0<\/span><span data-contrast=\"none\">RMB100,000 per person. Categories of duty-free products have also been expanded\u00a0<\/span><span data-contrast=\"none\">from 38 to 45 sorts.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/chinas-residential-property-market-leaps-for-33rd-month\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: China\u2019s residential property market leaps for 33rd month<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">Following policy upgrades, the average<\/span><span data-contrast=\"none\">\u00a0daily duty-free sales reached RMB120 million by the end of 2020.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Insiders mentioned that the island\u2019s duty-free shopping industry is anticipated to transform into a 100-billion-yuan business in the upcoming years.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Xie Zhiyong, general manager of Hainan Tourism Investment Duty-free Co., Ltd. said, \u201cHainan\u2019s duty-free market has huge potential.\u201d\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South China\u2019s island province of Hainan now has nine duty-free shops in total\u00a0\u00a0<\/p>\n","protected":false},"author":12,"featured_media":20978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[137,1072,1071,863],"class_list":["post-10839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-china","tag-duty-free","tag-hainan","tag-tourism-industry","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China boosts tourism in Hainan with two new offshore duty-free shops | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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