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Hainan Free Trade Port transforms tourist island into int’l retail heaven

Hainan Free Trade Port (CGTN/Qu Bo)
Hainan Free Trade Port (CGTN/Qu Bo)

CGTN |27-Jun-2020 | By Zhou Minxi

The COVID-19 pandemic has devastated the tourism and retail sectors, as much of the world stayed home and airplanes sat idly for months. But in south China’s Hainan Free Trade Port (FTP), duty-free stores are ready to bring back the big-spending bargain hunters with the island positioned as an international tourism and consumption destination. Continue reading “Hainan Free Trade Port transforms tourist island into int’l retail heaven”

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Haitang Bay duty-free shopping complex in Sanya, Hainan Province

Haitang Bay duty-free shopping complex in Sanya, Hainan Province. (CGTN-VCG)
Haitang Bay duty-free shopping complex in Sanya, Hainan Province. (CGTN-VCG)

CGTN | 27-Jun-2020 | By Zhou Minxi

While gloomy business sentiments persist, there have been encouraging signs that Hainan’s revamp is on track. Despite a plummet in tourism in the first half of 2020, the island’s duty-free sales hit 1.9 billion yuan (279 million U.S. dollars) in May, up 147.9 percent from the previous year. Continue reading “Haitang Bay duty-free shopping complex in Sanya, Hainan Province”