Sources including ChinaNews.com and The Moodie Davitt Report have reported that sales at Hainan’s offshore duty-free shops (including tax-paid items) rose by 127% year-on-year in 2020, reaching around $5 billion. 

Sales have been boosted thanks to the Chinese government’s July 2020 increase in the allowance that individuals have for spending on duty-free goods (now more than $14,000 per person per year, up from a little over $1,100). 

From the period between July 1, 2020 and year-end, sales of fashion and leathergoods generated a 1.7-fold increase to roughly $582.8 million (19% of the total mix). 

Image: Wang Ziqian. 

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