China’s CITS to invest USD 1.9 billion on world’s largest duty-free haven

China’s CITS to invest USD 1.9 billion on world’s largest duty-free haven

A subsidiary of tour operator China International Travel Service (CITS) will spend CNY 12.9 billion (USD 1.9 billion) to build the world’s largest duty-free centre in China’s southern Hainan province, taking advantage of the island’s tax-free benefits for mainland tourists. CITS Investment and Development aims to develop the 693,000 square-metre duty-free commercial, tourism and shopping […]

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