Trouble in China's shopping paradise as Hainan duty-free spending tumbles
Duty-free spending slumped 29.3% last year in China's island province of Hainan, where global luxury players from LVMH to ...
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Trouble in Chinese shopping paradise as Hainan’s duty-free spending falls 29%
The 2024 slump bodes ill for plans to turn the entire island into a duty-free shopping zone in 2025. Read more at ...
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Trouble in China's shopping paradise as Hainan duty-free spending tumbles
BEIJING (Reuters) -Duty-free spending slumped 29.3% last year in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, as a weak economy led to a ...
E-commerce logistics index hits near 7-year high in 2024
China's e-commerce logistics index averaged 113.7 points in 2024, up 3.6 points compared with the previous year, hitting a ...
Inside China's eerie £70bn 'ghost town' that residents have labelled 'boring'
The city of Xiong'an in China has been dubbed a 'ghost town' after it was built for $85billion (£70billion) and one of its ...