Firm aims to boost Hainan as tourist hub
THE Chinese government said yesterday it has allowed Hainan to set up a company to conduct duty-free business on the island, which aims at making it a tourist hub.
The company "will help encourage proper competition, prevent a monopoly and facilitate the healthy development of the duty-free market in Hainan Province," the Ministry of Finance said in a statement.
The state-owned company will be the fifth major licensed duty-free operator in China, said the ministry. It will sell duty-free goods and set up duty-free stores in the province, the statement said.
China launched a pilot program in April to allow tourists and locals in Hainan to enjoy duty exemptions and tax refunds on certain imported products worth under 5,000 yuan (US$765) before flying to other airports in the country.
The move was to lure more mainlanders to the tropical island and build it into a world-class tourist spot.
After deducting customs duties, value-added and consumer taxes, products sold in the trial duty-free stores in Hainan will be 10 to 35 percent less costly than those sold in other stores.
The company "will help encourage proper competition, prevent a monopoly and facilitate the healthy development of the duty-free market in Hainan Province," the Ministry of Finance said in a statement.
The state-owned company will be the fifth major licensed duty-free operator in China, said the ministry. It will sell duty-free goods and set up duty-free stores in the province, the statement said.
China launched a pilot program in April to allow tourists and locals in Hainan to enjoy duty exemptions and tax refunds on certain imported products worth under 5,000 yuan (US$765) before flying to other airports in the country.
The move was to lure more mainlanders to the tropical island and build it into a world-class tourist spot.
After deducting customs duties, value-added and consumer taxes, products sold in the trial duty-free stores in Hainan will be 10 to 35 percent less costly than those sold in other stores.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.