Panoramic Analysis of the Current Situation of China's Microcrystalline Wax Industry (2025)

A report jointly released recently by KPMG China and The Moodie Davitt found that the Hainan free trade port will likely become the world's biggest duty-free market in the near term if it continues on its current growth curve.

Following the opening of the Xinhai Port Duty-Free Pick-Up Center on Feb 23, the number of pick-up windows serving duty-free shops has increased to 22, and the pick-up areas for individual customers have been integrated into one. This is expected to offer shoppers more convenient services and improve their shopping experience.

Meanwhile, public opinion is being solicited for a draft Hainan free trade port law, which is expected to grant the province greater autonomy in reform and provide a legal guarantee for the construction of the free trade port, according to Shen Xiaoming, Party chief of Hainan. 

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China's Hainan opens 3 offshore duty-free shops

hina’s economy is still months away from a full recovery

Hainan opens further to foreign investors.