日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Duty-free market encourages consumption of luxury goods

Xinhua | Updated: 2020-08-25 08:40
Share
Share - WeChat
Tourists purchase luxury goods at a duty-free store in Haikou, capital of South China's Hainan province, on May 2. [Photo by Luo Yunfei/China News Service]

SHANGHAI/HAIKOU-Inside a duty-free shop in downtown Haikou, capital of South China's island province of Hainan, Su Yanqing was selecting a wristwatch for herself.

"I had decided to buy a watch before I came here," said Su, a tourist from Xiamen, East China's Fujian province. "The price in the duty-free shop is definitely lower than in ordinary shopping malls." Besides picking a watch worth about 10,000 yuan ($1,447), she also planned to buy cosmetics and skin care products.

From July 1, Hainan has increased its annual tax-free shopping quota from 30,000 yuan to 100,000 yuan per person. The number of duty-free goods categories has also expanded from 38 to 45, with products such as mobile phones and laptops added to the list.

The previous tax-free limit of 8,000 yuan for a single item has also been scrapped, and the number of categories with a single-purchase quantity limit has been significantly reduced. For example, the duty-free single-purchase limit for cosmetics has been raised from 12 items to 30.

"I do not have to worry about the number of purchases," said Liu Yue, a local citizen who bought a dozen skin care products in the duty-free shop. "Thanks to the new policy, we can buy more expensive items now," she said, appreciating the new policy for stimulating consumption.

According to official data, Hainan's duty-free sales exceeded 5 billion yuan from July 1 to Aug 18, up 250 percent on a yearly basis.

Retail travel business has been under pressure since the COVID-19 outbreak due to the sharp fall in international travel. However, China's duty-free consumption is accelerating thanks to policy incentives.

In March, Chinese authorities unveiled new guidelines to boost consumption and unleash the potential of the domestic market, and vowed further reforms for the duty-free sector, including the building of a number of urban duty-free shops with Chinese features and expansion of duty-free business at ports.

Chen Xi, director of the Hainan provincial department of commerce, said the newly introduced duty-free goods were welcomed by consumers, with mobile phones, liquor and tablets being the best-selling products.

Total sales of single products priced above 8,000 yuan reached nearly 1.2 billion yuan from July 1 to Aug 18, surging 420 percent year-on-year. "It has played an important role in winning back consumers who used to buy high-end products overseas," Chen said.

Hainan currently has four offshore duty-free shops-two in Haikou, and one each in Qionghai and the popular resort city of Sanya, where the island province plans to build three more duty-free shops.

According to a research report by UBS in July, the new duty-free policy in Hainan could significantly drive the sales of fashion and luxury products such as bags, jewelry and watches. It estimated that the contribution of fashion and luxury products in total duty-free sales in Hainan would rise to 40 percent by 2025 from the current 15 percent.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美日韩三区 | 欧洲免费无线码二区5 | 天天爱天天做久久天天狠狼 | 亚洲精视频 | 日韩精品真人荷官无码 | 毛片免费观看 | 日韩国产一区二区 | 久久综合成人网 | 久久久7777888精品 | 国产一区二区精品丝袜 | 国产精品久久久99 | 91在线免费看 | 九九色网站 | 国产精品91久久久久久 | 一个人看aaaa免费中文 | 国产一区二区三区免费播放 | 奇米影视777色 | 99热这里 | 欧美男女网站 | www操com| 国产噜噜噜精品免费 | 久草app下载| 亚洲美女综合 | 成人超碰| 欧美综合亚洲 | 婷婷色国产偷v国产偷v小说 | 亚洲国产精品一区二区第一页 | 亚洲日本va中文字幕线 | 成人亚洲综合 | 99精品视频在线观看免费专区 | jizjizjiz中国护士18| 国内精品视频在线观看 | 色综合色狠狠天天久久婷婷基地 | 日本高清无遮挡 | 久久精品无码一区二区日韩av | 日韩一区二区不卡 | 亚洲乱码AV久久久久久久 | 久草视频福利在线观看 | 大逼逼影院 | 天堂成人网| 五月天婷婷精品视频 |