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Business trends

China grabs global top spot in duty-free shopping amid pandemic

State-owned operator benefits from 'Hainan' effect during travel slowdown

HONG KONG -- The coronavirus pandemic has ravaged the world's travel-related industries, but the sector is recovering faster in China than other countries with the help of government policies. Chinese airlines, for example, while still losing money, are rapidly resuming flight operations.

Now, a Chinese state-owned operator of duty-free stores has claimed the top global position in the sector as measured by revenue. China Tourism Group Duty Free has surpassed Dufry Group, based in Basel, Switzerland, in sales for the first half of the year.

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