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In-depth Report: Behind and Beyond JDâs Participation at Hainan Expo
E-Commerce, Supply Chain & the Dual Circulation Economy
by Ella Kidron and Rachel Liu
The first China International Consumer Products Expo will be held in Haikou, Hainan province from May 7-10. China s largest retailer, JD.com, has an exhibition booth in partnership with top brands from around the world, as well as a range of events and initiatives to take place during the expo. The expo is particularly significant because it symbolizes the first major event held in the region since the Hainan Free Trade Port was announced. Since January this year, JD has already opened two duty-free stores offering an omni-channel duty-free experience. Its presence at the expo is a demonstration of the important role that retailers and supply chain players can play in the dual circulation economy, a priority of the Hainan Free Trade Port.
by Ella Kidron and Rachel Liu The first China International Consumer Products Expo will be held in Haikou, Hainan province from May 7-10. China s largest retailer, JD.com, has an exhibition booth in partnership with top brands from around the world, as well as a range of events and initiatives to take place during the expo. The expo is particularly significant because it symbolizes the first major event held in the region since the Hainan Free Trade Port was announced. Since January this year, JD has already opened two duty-free stores offering an omni-channel duty-free experience. Its presence at the expo is a demonstration of the important role that retailers and supply chain players can play in the dual circulation economy, a priority of the Hainan Free Trade Port.
2021-05-08 13:00:52 GMT2021-05-08 21:00:52(Beijing Time) Xinhua English
HAIKOU, May 8 (Xinhua) The Hainan free trade port (FTP) will likely become the world s biggest duty-free market in the near term if it continues on its current growth curve, according to a report jointly released by KPMG China and The Moodie Davitt Report.
By the end of 2020, offshore duty-free business in Hainan was worth approximately 5 billion U.S. dollars, boosted by an enhanced shopping policy, said the report. It was released on the sideline of the ongoing inaugural China International Consumer Products Expo.
In July 2020, the province increased its annual per capita duty-free shopping limit from 30,000 yuan (about 4,638 U.S. dollars) to 100,000 yuan.
2021-05-07 09:03 By: Xinhua
Aerial photo taken on May 3, 2021 shows the Wanlyuyuan park and high buildings in Haikou, capital of south China s Hainan Province. Haikou, an important city of China s Belt and Road initiative and also a core city for the construction of free trade port in Hainan Province, will greet the first China International Consumer Products Expo. (Xinhua/Pu Xiaoxu)