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… …
Hainan has become the first province to publish a Negative List for Cross-Border Trade in Services. While the list is far longer than the nationwide list for foreign investment, it is much more detailed and provides a useful template for further reform, writes Torsten Weller While China’s regulatory crackdown and the focus on ‘Common Prosperity’ dominated this summer’s headlines, a smaller but nonetheless significant development took place on the island… …
The southern island gets a new Free Trade Zone Hainan is an island located off the south coast of Mainland China. The province is known as the Hawaii of China due to its sandy beaches, lush forests and tropical climate. Over 67 million tourists visit Hainan last year, with several hundred thousand coming from abroad, helping its tourist industry to grow to US $13 billion. Traditionally, Hainan’s economy has been …