BEIJING , Aug. 30, 2024 /PRNewswire/ -- This is a report from China.org.
cn: cdf Sanya International Duty Free Shopping Complex, a flagship venture of China Duty Free Group (CDFG), will mark its 10th anniversary on Sept. 1 . Since its grand opening, this complex has attracted over 70 million visitors, significantly boosting tourism in south China's island province of Hainan .
The development of cdf Sanya International Duty Free Shopping Complex has faced both challenges and opportunities. In May 2009 , the Hainan provincial government granted CDFG exclusive rights to operate a duty-free shop in Sanya. Four months later, on Sept.
1, 2009 , the shop opened, spanning nearly 10,000 square meters. The rapid launch of this major duty-free store set a new industry standard. At first, the store catered exclusively to foreign nationals and residents from Hong Kong , Macao , and Taiwan who were departing from Sanya Phoenix International Airport.
With the implementation of Hainan's offshore duty-free shopping policy on April 20, 2011 , the store was able to offer offshore duty-free goods to more shoppers. This dual-focused business model, focused mainly on offshore duty-free shopping, quickly made the store a leader in China's duty-free retail industry. The policy's unique advantages, coupled with the skyrocketing number of Chinese tourists, led to a surge in customers.
To meet growing demand, cdf Sanya International Duty Free Shopping Complex expanded. Phase I opened Sept. 1, 2014 , cov.