Hainan province's liberalized offshore duty-free shopping policy, which is part of its ambitious free-trade port development, is attracting growing interest from powerful Chinese online and offline retailers who hope to enter the market.
During the week-long Spring Festival holiday, which ended on Friday, duty-free shopping boomed in South China's island province of Hainan as its tourism gradually rebounded, unleashing new consumption vitality.
Hainan's tourism market registered a robust increase during the Spring Festival holiday thanks to optimized COVID-19 response policies.
Fishermen at Xinying Wharf in Danzhou, Hainan province, are busy marinating and drying redfish ahead of the Lunar New Year holiday.
Hainan's tourism economy has been recovering positively, with the province receiving nearly 60 million tourists and achieving a total tourism revenue of 104 billion yuan ($15.49 billion) in 2022.
After exceeding 100 billion yuan (about 14.92 billion U.S. dollars) for the first time in 2021, the total import and export value of Hainan Free Trade Port exceeded 200 billion yuan (about 29.84 billion U.S. dollars) to reach 200.95 billion yuan (about 29.98 billion U.S. dollars) in 2022
President Xi Jinping sent his festive greetings on Wednesday to people throughout China ahead of Spring Festival, or Lunar New Year, which falls on Sunday.
