01:12

China: Offshore duty-free sales in Hainan FTP more than doubled during New Year holiday

Content Partner Cover Image
Content Partner Profile Image
Uploaded by a Newsflare content partner

Buy video

Shotlist Haikou City, Hainan Province, south China - Recent 1. Aerial shots of international duty-free shopping center Haikou City, Hainan Province, south China - Jan 1-2, 2026 2. Interior of duty-free shopping center 3. Shoppers, decoration at shopping center showing image of horse Haikou City, Hainan Province, south China - Recent 4. Various of shoppers 5. Various of shoppers in queue 6. Various of shopper trying on watch 7. Product on display, board showing duty-free policy introduction 8. Various of customs officers checking products Storyline Offshore duty-free sales in south China's Hainan Free Trade Port (FTP) recorded robust growth over the three-day New Year's Day holiday from January 1 to 3, with total revenues reaching 712 million yuan (around 101.8 million U.S. dollars), a surge of 128.9 percent year-on-year, the latest data from Haikou Customs showed. The number of shoppers also rose sharply, with 83,500 consumer trips recorded, up 60.6 percent from the same period last year. In terms of volume, 442,000 duty-free items were sold, representing a 52.4 percent increase. This remarkable growth follows the launch of Hainan's island-wide special customs operations, which took effect on December 18. As the world's largest free-trade port by area, the Hainan FTP now operates under a new regime that allows freer entry of overseas goods, expanded zero-tariff coverage and more business-friendly measures. Meanwhile, a series of policy and regulatory documents related to special customs operations are being implemented in accordance with respective provisions, including the duty-free policy for domestic sales of processed value-added products. [Restrictions: No access Chinese mainland]

Categories

Tags

From the blog

Stories not Stock: 3 Reasons Why You Should Use UGC Instead of Stock Video

Video content is an essential part of a brand’s marketing strategy, and while stock footage has been a reliable go-to in the past, forward-thinking companies are looking to user-generated content for their video needs.

View post
Content Partner Cover Image
Content Partner Profile Image
Uploaded by a Newsflare content partner

Buy video