Business trendsChina grabs global top spot in duty-free shopping amid pandemic
State-owned operator benefits from 'Hainan' effect during travel slowdown
Hainan's promotion as a duty-free zone and China's move to raise the amount its citizens are allowed to spend at duty-free shops have helped boost the number of tourists to the resort island. © AP
KENJI KAWASE, Nikkei Asian Review chief business news correspondent
September 17, 2020 17:33 JST
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.