More choices with better prices! Take a closer look at the duty-free sector of the China International Consumer Products Expo in Hainan with Xinhua correspondent Cao Sicheng.
China has unveiled import-duty exemptions within specified limits for foreign goods sold at the international consumer products expo.
Purchases at the event will not affect one's annual offshore tax-free shopping quota of 100,000 yuan, or about 15,000 U.S. dollars.
According to a white paper published during the expo, Hainan is likely to grow into the biggest duty-free market across the globe in the near future.
As China further opens up its service sector, duty-free shopping is likely to become a new stimulus for the Chinese economy and global growth.
