cdf Haikou International Duty-Free City in Hainan province, China. Both foreign visitors and those from mainland China can purchase duty-free goods in the province. (Photo by Yusuke Hinata)
YUSUKE HINATA, Nikkei staff writer |
GUANGZHOU — Major overseas brands are establishing sales, logistics and processing strongholds in the resort island province of Hainan in southern China.
China wants to transform the island into a free port by the end of 2025, which will allow the world better access to the domestic market — a plan that an increasing number of foreign companies is finding hard to resist.
