Shoppers 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

Shoppers 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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