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Original caption: The Ministry of Commerce released two statistics: Overseas travel is cold, Hainan’s outlying islands are on fire
[Global Times-Global Network Reporter, Ni Hao]On February 4, the Ministry of Commerce revealed two pieces of information. Among them, China’s travel services imports in 2020 fell 47.7% year-on-year, while the duty-free sales of the outer islands of Hainan reached 274.8 in the same period. 100 million yuan, a strong 103 increase compared to 2019 before the epidemic. %. During the interview, experts believe that the two figures of a drop and a rise reflect the fact that consumption abroad is making a substantial return in the year of the epidemic when travel abroad has stopped and Hainan has become an important place of inheritance, which has promoted the rise of the duty-free economy of the outlying islands of Hainan.
According to the data provided by the press conference of the Ministry of Commerce in the afternoon of February 4, the import and export volume of China’s travel services in 2020 was 1,019,290 million yuan, a year-on-year decrease of 48 ,3%. The import of travel services corresponding to outbound tourism decreased by 47.7%. In analyzing the reasons, the Ministry of Commerce noted that the global epidemic situation in 2020 will be severe, and the import and export of travel services globally will be significantly affected. Due to the severe overseas epidemic, China has always discouraged people from traveling abroad, and the overseas group travel business of travel agencies has not yet recovered.
Global tourism caused by the epidemic has nearly come to a halt, objectively driving the return of Chinese consumption abroad. Another data released by the Ministry of Commerce on the afternoon of the 4th was corroborated. In 2020, the total annual tax-free sales of the peripheral island of Hainan were 27,480 million yuan, an interannual increase of 103.7%; the actual number of tax-free purchases was 4,484 million, a year-on-year increase of 19.2%. ; the number of tax-free purchases was 34.1 million, a year-on-year increase of 87.4%. Gao Feng, a spokesman for the Ministry of Commerce, believes that the appeal of duty-free shopping in the outer islands will increase significantly in 2020, which will play a positive role in guiding the return of consumption abroad. Bai Ming, deputy director of the Department of International Markets Research at the Ministry of Commerce, believes that China’s large-scale outbound tourism is becoming domestic tourism, and this return is an important factor supporting the growth of duty-free consumption in the outlying islands of Hainan. .
Bai Ming said that Hainan Island is establishing an international tourism consumption center and that the tax exemption policy for the outer islands is continually being relaxed, which is becoming more attractive to domestic consumers. Gao Feng also presented at the press conference on the 4th that in the last month, Hainan opened 5 new duty-free stores in the outer islands. The total number of stores in operation has reached 9 and the passenger transport capacity has been greatly improved. In addition to China Duty Free and Overseas Freedom, it also adds China Express, Shenzhen Freedom, Overseas Travel Investment and global boutique companies. The orderly competition pattern of the Hainan outlying islands duty free market is gradually taking shape.
On July 1, 2020, the new Hainan Outlying Islands tax exemption policy was officially implemented, while at the same time the thresholds for category, number of packages and postal tax were relaxed. The annual duty-free shopping quota for outlying island tourists has been increased to 100,000 yuan per person, and the tax-free limit of 8,000 yuan for a single product has been canceled, and the types of products subject to restrictions of one-time purchase amount have been greatly reduced. Outlying islands duty-free product rates have increased from 38 to 45.
Low prices and full categories attract consumers to shop at Hainan’s duty-free shops. Qiaoyou.com just published a survey showing that Sanya has become the top city for domestic travel. According to data provided by the flight attendant to the Global Times, Sanya Phoenix International Airport has seen year-on-year growth in 7 out of 12 months for domestic passenger flights in and out of Hong Kong in 2020, and is mainly concentrated in In the second half of the year, the impact of September and October was the most evident, reaching 27.61% and 19.52% respectively. The latest data released by the Sanya Office of Tourism, Culture, Radio, Film and Sports shows that since December, the number of domestic tourists entering Sanya is increasing sharply. Among them, the number of passengers arriving at the Sanya Phoenix airport was 1,019 million, a year-on-year increase of 2.21% and a month-over-month increase of 7.26%; There were 504 passengers arriving at the Sanya Seaport, a year-on-year increase of 201.8% and a month-on-month increase of 572%.
The influx of consumer groups has brought with it enormous purchasing power. According to statistics, in 2019, the overall scale of tax-free purchase of goods by overseas Chinese residents exceeded 180 billion yuan. Chinese consumers bought 46% of the world’s luxury goods, but 78% of its consumption occurred abroad. In 2017, overall sales of duty-free products in China only accounted for 6.5% of the global total. Now, Hainan’s outlying islands tax exemption policy is drawing demand for overseas purchases to the country. Bai Ming believes that Hainan’s tax-free shopping has great market potential and is optimistic about its future growth.
Gao Feng, a spokesman for the Ministry of Commerce, said that in the next step, in accordance with the requirements of the Action Plan for the Construction of a High-Level Market System, we will actively cooperate with the Ministry of Finance and other departments to promote improvement the management of Hainan overseas duty-free shops and implement the “decentralization, management and service” reform requirements., Support Hainan to play a more important role in the outlying islands duty-free work, promote the full liberation of Hainan outlying islands, tax-free dividends, actively guide the return of overseas consumption, and provide strong support for the construction of the Hainan free trade port.
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