During the pandemic, Hainan emerged as China’s most popular duty-free shopping destination thanks to preferential government policies and a raft of new openings from international luxury brands. But with pandemic-era restrictions a thing of the past, will Hainan retain its duty-free crown? Hainan’s location in the warm waters of the South China Sea has long made it a haven for fishing and agriculture and, in more recent years, tourism. However, …
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Renowned for its golden sandy beaches and tropical climate, today, the “Hawaii of China” is generating headlines for its business-friendly environment – and some of the world’s biggest companies are taking note Hainan’s location in the warm waters of the South China Sea have long made it a haven for fishing and agriculture and, in more recent years, tourism, but in the early 2020s, a series of beneficial import and …
The southern Chinese island of Hainan has become a consumer hotspot, driven by duty-free spending in huge new malls. But will economic slowdowns and continued Covid uncertainty dampen demand? On Friday, 28 October 2022, the world’s largest duty-free shopping mall opened in Haikou, the capital of China’s Hainan Province. Owned by China Duty Free Group, the 3,000,000-square-foot cdf Haikou International Duty Free City is home to more than 800 international …