Shanghai Encourages ‘Duty-Free Economy’ as Part of Consumer Push

Shanghai Encourages ‘Duty-Free Economy’ as Part of Consumer Push
People visit a main shopping area in Shanghai, China on July 12, 2021. Aly Song/Reuters
Reuters
Updated:

BEIJING—The Shanghai government will support companies applying for approval to sell duty-free goods, and encourage duty-free shops to be set up at airports, hotels, malls and other commercial venues, municipal authorities said.

The development of a “duty-free economy,” which will encourage spending on imported products, including heavily-taxed luxury goods, was outlined in a 2021–2025 consumption plan released on Saturday.