Source: China – South China Morning PostChina’s tropical island province of Hainan will have an independent customs regime by the end of the year, the central government announced on Wednesday.
Starting from December 18, a separate customs zone will be established in Hainan, which Beijing wants to transform into a free-trade port, as well as a centre for offshore financing and duty-free shopping that will lure tourists and businesses with an internationally competitive tax regime and relaxed visa requirements.
A key part of the…Read More