Hainan builds 12 offshore duty-free stores under evolving shopping policy
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Fifteen years after China launched the offshore duty-free shopping policy in Hainan, its southernmost island province, customs authorities have supervised a cumulative 286.4 billion yuan (about 41.76 billion U.S. dollars) in offshore duty-free sales, involving 347 million items, according to local customs authorities.
Since its launch on April 20, 2011, the policy has undergone multiple rounds of adjustments and optimization. Today, Hainan hosts 12 offshore duty-free stores across the island.
Reference Link:- https://english.news.cn/20260426/edb18b4be7724243989db084b0730b3f/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
