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 Tang