Chinese consumers spent more than 180 billion yuan (US$28 billion) on overseas on duty-free products in 2019, accounting for 40 per cent of total global duty-free sales. Photo: Shutterstock
Chinese consumers spent more than 180 billion yuan (US$28 billion) on overseas on duty-free products in 2019, accounting for 40 per cent of total global duty-free sales. Photo: Shutterstock

China steps up plans for ‘duty-free economy’ with 5 city metropolises leading domestic consumption charge

  • China is exploring more ways to support its so-called dual circulation strategy, which aims to boost the economy with more domestic consumption
  • Beijing, Shanghai, Guangzhou, Tianjin and Chongqing will play a leading role as international consumer centre cities

Topic |   China's economic recovery
Chinese consumers spent more than 180 billion yuan (US$28 billion) on overseas on duty-free products in 2019, accounting for 40 per cent of total global duty-free sales. Photo: Shutterstock
Chinese consumers spent more than 180 billion yuan (US$28 billion) on overseas on duty-free products in 2019, accounting for 40 per cent of total global duty-free sales. Photo: Shutterstock
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