AN interesting article from "Forbes" - Hainan in China has just opened the world's largest duty-free mall. It extends over 280,000 square metres, and if that is difficult to imagine, it is equivalent to 55 hockey pitches! Over 800 brands are represented.
Obviously this has not been just opened in order to please those of us who like shopping. Revenues from this source are very important for the economy of Hainan, especially since Chinese citizens can shop there duty-free. Before Covid it was a very popular destination for this reason. As the article questions, will this profitability return?
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