luxury

China bets on duty-free paradise to keep luxury spenders at home

China bets on duty-free paradise to keep luxury spenders at home

Sanya, China (Reuters) – China’s efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan that it hopes will satisfy a lust for luxury.

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