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Wednesday, February 5, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Offshore duty-free shopping amount reaches 1.5 billion yuan in Hainan

April 13 marks the fifth anniversary of the construction of a free trade port with Chinese characteristics in South China’s Hainan Province.As an important step towards high-level opening-up, the construction of the Hainan Free Trade Port has made progress twofold day and night in five years. happened . In five years, the offshore-freeshopping industry continues to grow, becoming one of the main brands of the free trade port. As of April 11, the total amount of offshore duty-free shopping in Hai Nan Province has reached about 150 billion yuan, while the number of customers is more than 23.5 million.

The international duty-free shopping mall located in Sanya city has more than 750 famous international brands of goods and 45 categories of duty-free goods, which is the largest duty-free shopping mall in the world. Last year, the average annual growth rates of Hainan’s goods trade and service trade were 23.4 percent and 17.7 percent respectively. In 2022, the turnover income of the 13 core zones of the free trade port will exceed 18 trillion yuan.

(Credits-China Media Group, Beijing)

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