Hainan raises duty-free shopping quota, expands commodities category to stimulate consumption, tourism

Hainan raises duty-free shopping quota, expands commodities category to stimulate consumption, tourism

China’s tax-free related stocks opened higher on Tuesday morning, with some rising by the daily limit of 10 percent. Investors were cheered overnight by a new policy that expands the per capita quota for offshore duty-free shopping in South China’s Hainan Province from a previous 30,000 yuan ($4,239) to 100,000 yuan a year.
Source: Global Times | 2020/6/30 11:47:57

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Market news summary from Global Times Market News.
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