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economyOfficialReported

Hainan steps up efforts to build international consumption hub

China's Hainan province is advancing plans for an offshore customs supervision regime expected to boost its retail sector.

· 1 min read · language: en
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TASS (Russia)

China's Hainan province is stepping up efforts to develop itself as an international consumption hub, according to a report from TASS.

The report said an offshore customs supervision regime is expected to provide a significant boost to Hainan's retail sector.

Further details on the specific measures involved in the offshore customs regime, or a timeline for implementation, were not included in the available reporting.

Hainan has been positioned by Chinese authorities as a free-trade zone intended to attract international commerce and tourism in recent years.

Sources

EGazette summarizes reporting from multiple sources; follow the links for the originals.

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