×
80 345
Fashion Jobs
BATH & BODY WORKS
Senior Digital Business Operations Analyst
Permanent · Reynoldsburg
MACY'S
Asset Protection Detective, Eastridge - Full Time
Permanent · San Jose
MACY'S
Asset Protection Detective, Stonebriar Centre - Part Time
Permanent · Frisco
OLD NAVY
Assistant General Manager - South Meadow Square
Permanent · Ithaca
JOCKEY
Human Resources Business Partner - Hybrid in Person
Permanent · Kenosha
NIKE
Senior Financial Analyst, Global Supply Chain Finance
Permanent · Beaverton
NIKE
North America Merchandise Manager- jd Sports/ Finish Line Men's Lifestyle Footwear
Permanent · Beaverton
NIKE
Expert Technical Recovery Consultant (Open to Remote Work, Except The Following Locations: sd, vt, And wv)
Permanent · Beaverton
NIKE
North America Merchandise Manager-Nike Direct Digital Commerce-Kids Performance Footwear
Permanent · Beaverton
NIKE
Inventory Controls Specialist
Permanent · Beaverton
NIKE
Technology Director – Consumer Creation Business Intelligence
Permanent · Beaverton
ESTÉE LAUDER
Director, Omni Education Marketing
Permanent · New York
ESTÉE LAUDER
Manager, Performance Marketing Analytics
Permanent · New York
TAPESTRY
Planner, Global Merchandise Planning
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor
Permanent · Oak Brook
DESIGNER BRANDS
Merch Vendor Compliance Analyst
Permanent · Columbus
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Spring
GAP
District Manager - Atlanta
Permanent · San Francisco
GUESS
Account Executive
Permanent · New York
KOHLS
Loss Prevention Operations Center Investigator- 3rd Shift
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Knoxville
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Roseville
By
Reuters API
Published
Sep 20, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shanghai encourages 'duty-free economy' as part of consumer push

By
Reuters API
Published
Sep 20, 2021

The Shanghai government will support companies applying for approval to sell duty-free goods, and encourage duty-free shops to be set up at airports, hotels, malls and other commercial venues, municipal authorities said.

Presently, duty-free spending in China is largely concentrated in the southern island province of Hainan - Reuters


The development of a "duty-free economy", which will encourage spending on imported products, including heavily-taxed luxury goods, was outlined in a 2021-2025 consumption plan released on Saturday.

Presently, duty-free spending in China is largely concentrated in the southern island province of Hainan, where the annual limit on individual duty-free spending was hiked to 100,000 yuan ($15,467) last year from 30,000 yuan previously.

Tariffs on imported consumer goods vary in China, with taxes on some luxury items such as perfumes and watches exceeding 30%.

Lured by the substantially lower prices, millions of domestic tourists flock to Hainan's malls each year, and the numbers have been boosted by restrictions on overseas travel resulting from the Covid-19 pandemic.

Otherwise, there are more than 300 duty-free shops across the country selling products from fragrances and cosmetics to clothing and shoes. China Tourism Group Duty Free Corp is the dominant player, with nearly 200 stores.

Annual duty-free spending is in the tens of billions of yuan.

© Thomson Reuters 2022 All rights reserved.