Hainan opens 3 duty-free shops
Three new offshore duty-free shops opened on Wednesday in South China's island province of Hainan to promote tax-free consumption, according to the provincial department of commerce.
The three newly-opened shops are all located in the tropical resort city of Sanya, one in Sanya Phoenix International Airport and the other two in downtown Sanya.
The larger of the two downtown locations has a shopping area of 95,000 square meters, offering nearly 350 international brands.
The province earlier had four duty-free shops, with two in the provincial capital, Haikou, one in Bo'ao and one in Sanya, all operated by China Duty Free Group.
However, two of the three new shops are operated by another two companies.
The arrival of the two firms will help Hainan form a pattern of differentiated competition and better meet tourists' needs for duty-free shopping, according to an official with the department.
Sales of offshore duty-free shops in the province have exceeded 31.58 billion yuan so far this year. The number of shoppers has exceeded 3.4 million, purchasing more than 19 million items, up 130 percent, year-on-year.