HAIKOU: South China’s island province of Hainan has seen exponential growth in duty-free sales a year after a new policy was implemented. Hainan’s offshore duty-free sales hit 46.8 billion yuan( US$ 7. 2bil or RM29. 98bil) from July 1, 2020 to June 30, 2021, surging 226% year-on-year( y-o-y), the Haikou Customs said. Duty-free shops in Hainan received more than 6.2 million customers, and sold over 60 million duty-free items, up 102% and 211% y-o-y, respectively. Since July 1, 2020, Hainan has ra
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2021-07-05 00:00:00.0