SHANGHAI — The third edition of the China International Consumer Products Expo, also generally known as Hainan Expo, kicked off on Tuesday in Haikou, the capital of Hainan Island, China‘s duty-free shopping haven.
As the primary large-scale international expo after China’s reopening, the five-day trade fair showcased greater than 3,300 brands from China and abroad, up from last yr’s 2,800 participants.
Keen on keeping luxury spending onshore, Chinese authorities have been actively cracking down on Daigou and heavily promoting local retail hubs akin to Hainan and Hong Kong.
In line with official data, for the primary quarter of this yr, Hainan welcomed 26.8 million visitors to the island, a rise of 20.2 percent in comparison with the identical time last yr. Total tourism...
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