Promoting US-China Friendship | California USA
![Shoppers at Sanya International Duty-Free Shopping Complex, Hainan, China [CGTN-CFP]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2020/11/Shoppers-at-the-Sanya-International-Duty-Free-Shopping-Complex-Hainan-China-CGTN-CFP.jpg?resize=525%2C296&ssl=1)
Thanks to the new policy and domestic travel recovery from the COVID-19 disruption, sales of duty-free shops in south China’s island province of Hainan surged by a year-on-year 214 percent for the past four months, hitting 12 billion yuan (about $1.8 billion), customs data showed Tuesday. Continue reading “Chinese shoppers spent $1.8 bln in Hainan duty-free stores in 4 months”
![Shanghai's leading role in Yangtze River Economic Belt [CGTN]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2020/11/Shanghais-leading-role-in-Yangtze-River-Economic-Belt-CGTN.jpg?resize=525%2C296&ssl=1)
Located at the junction of the Yangtze River and the East China Sea, Shanghai plays an important role in connecting the Yangtze River Economic Belt with overseas markets, and promotes the development of the economic belt that as an aggregates makes up 40 percent of the country’s population and economic output. Continue reading “Shanghai’s leading role in taking the Yangtze River Economic Belt to a new development stage”