Webinar organisers: The Italian Chamber of Commerce in Hong Kong & Macao, KPMG, Retail in Asia
Organisers: The Italian Chamber of Commerce in Hong Kong & Macao, KPMG, Retail in Asia
The Hainan province's offshore duty free shopping policy, implemented on July 1st 2020 as a result of China's Free Trade Port development on the island, has strengthened the travel retail shopping industry in China.
With the introduction of such policies, Hainan may represent a new major destination for local and international tourism and shopping.
Chinese consumers are responding to such policy with vigour, flocking to Hainan and soaring duty-free sales to an increase of sales of 250%.
Will Hainan become a globally-significant free trade port for travel retail in the years to come? Will this provide new access and opportunities for businesses that will emerge from this development?
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