Economy

Hainan to let travelers avoid duties

By Shi Yingying and Liu Xiaoli (China Daily)
Updated: 2011-03-25 14:18

Starting from April 20, mainland travelers will be able to buy duty-free goods, including jewelry, craftworks and watches, in Hainan as long as they leave the island by air and return to the mainland, the Ministry of Finance announced on Thursday. The policy will protect mainland visitors from paying various types of taxes on up to 5,000 yuan ($762) worth of imported goods bought at selected duty-free stores in Hainan.

The watch counter at the duty-free shop in Sanya, Hainan province, on March 22, 2011. [Photo / Xinhua]