(Xinhua/Guo Cheng)
The insular province of Hainan, in southern China, has recorded high sales excluding taxes in the past five years, thanks to a policy aimed at raising the annual purchase ceiling excluding taxes, according to the local customs office.
Sales excluding taxes in Hainan have totaled 195.8 billion yuan (approximately 27.4 billion dollars) in the past five years, according to customs in Haikou. During this period, the number of buyers of products excluding taxes amounted to almost 28.59 million.
On July 1, 2020, Hainan noted his annual purchase quota excluding taxes of 30,000 yuan at 100,000 yuan per person.
Sales and the number of buyers increased respectively by 315.3% and 123.3% compared to the five years preceding the increase in the purchasing quota.
The major adjustment of the Hainan tax sales policy has given a strong impetus to the development of the related industry. Thanks to the significant increase in the purchasing quota, the greatest variety of products and the diversification of measures to withdraw goods, the purchasing experience and the satisfaction of travelers have continued to improve.
China wishes to make Hainan a port of free-level free trade and global influence, as well as a tourist and influential consumption destination worldwide. In recent years, the island province has become an attractive destination for consumers.
