After removing tariffs, Hainan, China’s biggest duty-free market, is planning to remove VAT and excise tax for imported wine and spirits in a bold move to boost its attractiveness for tourists. Read More
Duty free
It's an intense week in China. The unfolding Taiwan Strait crisis and newly imposed lockdowns in Sanya and Yiwu could spook market and investors. But in Hong Kong, the city has finally cut hotel quarantine to 3 days. Read More
China's biggest duty-free island province, Hainan, has reported RMB 46.8 billion in sales from last July to June this year, aided by increased spending limit and global travel restrictions. Read More
Strong performances in China and the US have shielded multinational drinks companies from the fallout of Covid-19 in recent months, according to analysis from IWSR. Read More