Will China’s Hainan island kill the duty free industry? International shopping sprees are out now the tropical paradise lets domestic travellers leave with US$15,000 of tax free goods

• Gen Z are profiting from new regulations allowing each local visitor to buy several Louis Vuitton or Gucci products tax-free after a short domestic flight
• South Korea, New York, Los Angeles, Paris and Milan will all lose out as Chinese consumers visit the ‘Hawaii of China’ to stock up on luxury goods