Shoppers walk through the Wangfujing commercial district in Beijing. Photo: Frank TangShoppers walk through the Wangfujing commercial district in Beijing. Photo: Frank Tang
Shoppers walk through the Wangfujing commercial district in Beijing. Photo: Frank Tang

Coronavirus: China retail group Wangfujing secures duty-free licence as government seeks to revive spending

  • Wangfujing Group, one of China’s largest retail companies, has won a duty-free licence from the Ministry of Finance
  • Approval comes as China’s government seeks to address its twin goals of boosting consumer spending and opening the economy further to foreign companies
Topic |   China economy
Shoppers walk through the Wangfujing commercial district in Beijing. Photo: Frank TangShoppers walk through the Wangfujing commercial district in Beijing. Photo: Frank Tang
Shoppers walk through the Wangfujing commercial district in Beijing. Photo: Frank Tang
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