# customs

Latest news and articles about customs

Total: 3 articles found

Scrabble tiles spelling 'China' and 'Tariffs' symbolize global trade issues.
Business

China Opens Hainan to Duty‑Free In‑Island Shopping — But Limits and Controls Come First

China’s finance, customs and tax authorities have authorised a zero‑tariff scheme for qualifying imported goods bought by residents inside Hainan Free Trade Port, exempting customs duties, VAT and consumption tax within a positive list and an annual per‑person cap of RMB 10,000. The policy applies to Hainan residents and foreign residents with permits, requires purchases at designated duty‑free shops, forbids resale, and places anti‑smuggling responsibilities with the Hainan government.

NeMo2026年2月5日 10:00
#Hainan Free Trade Port#zero tariff#duty free
Crowded airport terminal with travellers in line. Indoor setting with modern architecture.
Business

Hainan’s Duty‑Free Boom: Early Gains, New Shoppers and the Test of Durability

Hainan’s full‑island customs regime and a November 2025 duty‑free policy revision have catalysed a surge in sales and reshaped the island’s retail model by turning local residents into repeat duty‑free shoppers. Early figures are robust, but executives and analysts caution that the holiday‑period boost, heavy promotions and enforcement challenges mean the sector must improve assortment, service and inbound tourism to sustain growth.

SoBiz2026年1月22日 08:10
#Hainan#duty‑free#China Duty Free
The Guanyin of Nanshan statue stands majestically by the sea in Sanya, Hainan, China.
Business

Hainan’s Duty‑Free Boom: Tourists Flood In, iPhones and Gold Fly Off Shelves in First Month of 'Sealed‑Port' Experiment

In the first month after Hainan implemented an island‑wide sealed‑port customs regime, duty‑free retail and tourism surged: RMB 4.86 billion in sales, sharp rises in hotel and flight bookings, and shortages in popular items such as gold jewellery and iPhones. Policy changes — expanded zero‑tariff lists, visa easing for Russian tourists, and consumer vouchers — have driven a rapid reorientation of demand, while customs digitalisation eased throughput and regulators warned of resale and fraud risks.

SoBiz2026年1月19日 02:40
#Hainan#duty-free#tourism