Hainan offshore duty free May holiday sales reach all-time record – The Moodie Davitt Report


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CHINAUS. Offshore duty free sales over the height 5-day May Day holiday interval (1-5 May) rose +248% 12 months-on-12 months to an all-time RMB993 million (US$153.3 million) excessive, in keeping with newest information launched by Haikou Customs on Thursday, state-owned media chinanews.com reported.

Round 121,000 folks bought 1.35 million gadgets, will increase of +141% and +229%, respectively, the report, since confirmed by The Moodie Davitt Report, stated.

Sales have been boosted this 12 months by the introduction of the improved duty free purchasing coverage final July. Amongst different measures, the duty free allowance was tripled to RMB100,000 (US$15,300), the only buy restrict eliminated, and the variety of classes that might be offered duty free elevated.

The information presents the proper fillip to organisers of the inaugural China Worldwide Shopper Merchandise Expo which acquired underway in Hainan’s capital, Haikou, right now. Click on right here for our continually up to date report from the 4-day occasion which concludes on 10 May.

Click on on the picture to learn the report from Ecns.cn


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