Tourists check out in a duty-free shopping mall in Sanya, south China's Hainan Province, Sept. 30, 2023. As a popular tourist destination, Sanya is seeing a tourism boom during the National Day holiday.
(Photo: Xinhua) As South China's Hainan Province plans to implement independent customs operations throughout the island by the end of 2025 in a bid to further boost the opening-up of the Hainan Free Trade Port, DFS, an international luxury travel retail specialist, has voiced strong confidence in China's efforts to establish a world-class free trade port with distinct Chinese characteristics, signaling a clear willingness to collaborate. "DFS Group is highly optimistic and eagerly anticipating Hainan's upcoming implementation of independent customs operations throughout Hainan island. Sanya is the third largest city in China for luxury goods consumption, following Shanghai and Beijing," Nancy Liu, president of DFS China, told the Global Times on Thursday.
DFS is a global leader in luxury travel retail, and part of the LVMH group, the world's largest luxury group. It has a partnership with China Trade News, a news agency under the China Council for the Promotion of International Trade (CCPIT), and they hosted a meeting on Thursday focused on jointly promoting the development of the Hainan free trade port and accelerating its transformation into a world-class free trade port. "China's central government has set an exciting vision for the Hainan Free Trade Port to achieve and it.