Can Hainan Island's Duty-free Policy Spark China’s Travel Retail Market?
Hainan island's new offshore duty-free policies will disrupt Asia’s travel retail market and bring huge opportunities to global investors and brands alike.
Hainan will be the next lucrative travel retail market thanks to the newly issued Hainan Free Trade Port Development Plan that substantially increases the offshore duty allowance for shoppers. Photo: Courtesy of Shutterstock.
Hainan will be the next lucrative travel retail market thanks to the newly issued Hainan Free Trade Port Development Plan that substantially increases the offshore duty allowance for shoppers. Photo: Courtesy of Shutterstock.