Dear Clients, 
 

China’s State Council executive meeting on November 11, presided over by Premier Li Keqiang, decided to introduce measures to boost domestic consumption, including the opening of more duty-free stores at points of entry into the country.
 

Noting that Chinese individuals travelling abroad are beginning to purchase day-to-day products, and not only luxury items, the Government decided that more duty-free stores should be opened to encourage the import of ordinary consumer goods.
 

There were no further details of whether there would be a higher individual purchasing cap. Nor did the Council indicate how many shops would be opened.
 

Should you require any further clarification, please do not hesitate to contact us at:
info@cardwell-capital.com

Kind Regards

Cardwell Advisory Desk