Things you need to know about Hainan free trade port
Hainan Province's offshore duty-free policy celebrated its 12th anniversary on April 20.
Over the past 12 years, the policy has led to a cumulative shopping amount of 185 billion yuan (US$28.65 billion) and has become a powerful engine to promote tourism and high-end consumption within the country.
The work on building the island of Hainan into China's newest free trade port is well underway. By 2025, the tariff-free port will be a trade intermediary between the mainland and the world.