Sanya to Get World's Biggest Duty Free Store
    2014-04-11 17:17:34         Web Editor: Mao

Chinese officials in Hainan have been flouting the fact the island province is going to be home to, what will be, the world's largest duty free shop.

CRI's Li Dong has more.


Tan Li, the vice-governor of Hainan makes the statement during the 2014 Boao Forum for Asia.

According to the official, the plan is an attempt to boost Hainan's economy by providing better service to tourists.

"The duty-free store in Sanya will be moved to Haitang Bay and will be expanded from its current 10,000 square meters to 60,000 sq m. It will become the largest duty-free shopping mall in the world when it goes into operation. Another duty-free store in Haikou, the provincial capital, will be enlarged from over 3,000 sq m to more than 4,000 sq m."

Local authorities of the famous tourist destination is now waiting for approval from the central government.

Professor Liu Baocheng is with the University of International Business and Economics.

He believes once the store is operational, it will benefit both the local economy and consumers.

"Such a large duty free store may reduce the cost of transactions, for instance, lowering tariffs and the cost of consumption, thus boosting tourism. There are about 7 such maga duty free stores across the globe. These duty free stores may play a major role in boosting the local economy."

Liu notes that as all transactions are supervised, it is very unlikely that people can take advantages from the duty free store to conduct tax evasion.

However, he adds, the government should upgrade certain supportive policies in order to match the expansion.

"For instance, if Thai tourists come here to conduct wholesale purchases at the duty free store, will there be an upper limit for the transaction? The current duty free policy is similar to giving people coupons. But if the store becomes bigger, should there be more supportive policies to facilitate large scale consumption and benefit logistics services?"

Official numbers show that duty-free sales in Hainan soared almost 40 percent year-on-year last year.

Hainan has gained its reputation as an international tourist destination in recent years.

The island province has maintained a growth rate of 10 percent for the past five year, thanks largely to its booming tourism industry.

For CRI, I am Li Dong.


         claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Hourly News more

The Beijing Hour more
The Beijing Hour updated 20:00 2014/05/23

Highlights more

People In The Know more
2016-04-11 China and Canada: Closer Bilateral Ties Expected 
In this edition of program, we are joined by a Chinese-Canadian senator and a Canadian professor to take a look at the ties between China and Canada.
2016-04-08 Energy Security in Asia 
In this edition of program, we are joined by a scholar and a businessman to take a look at energy security in Asia?

Talk to CRI

The Sound Stage
China Revealed
My Chinese Life
Photo Gallery
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News  | Xinhua  | People's Daily Online   |  | China Daily  |  Global Times  | China Job  |  China Tibet Online  |  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ