One Question to the End丨Is the upgraded duty-free policy for outlying islands more cost-effective for shopping in Hainan?
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On December 18th, the Hainan Free Trade Port will officially start the full island closure. Many friends are concerned about whether the closure will affect shopping in Hainan. Here, we can inform everyone that the full closure of the Hainan Free Trade Port is not directly related to the 'duty-free' policy for outlying islands. In fact, the latest adjustment of the 'duty-free' policy for outlying islands was officially implemented over a month ago, on November 1st of this year. What changes have been made to the adjusted 'duty-free' policy? Will shopping in Hainan now be more cost-effective? Let's get to the bottom of it. First, let's take a look at what upgrades the adjusted 'duty-free' policy has specifically made for residents on the island.
Currently, there is no specific timeline arrangement for the new duty-free policy related to the full island closure. As for concerns about whether the prices of duty-free goods will rise after the closure, there is currently no clear correlation. However, after the closure, duty-free shopping will be deeply integrated with tourism, culture, entertainment, and other industries, which will promote more forms of consumption and provide more job opportunities in Hainan; moreover, after the full island closure, more investors and companies will be attracted to settle in Hainan, creating a strong demand for the service industry, and the overall economic scale of Hainan will gradually expand, benefiting every ordinary person.
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