is planning to open more duty-free stores and facilitate the import of
popular daily commodities to stimulate domestic spending amid flagging
An executive meeting of the State Council, presided over by Premier Li
Keqiang, decided on Wednesday to issue a package of policies to shore up
consumption, one of the driving engines tapped by the government to
support economic growth.
The meeting decided to open more duty-free stores at ports of entry
across the country and to import more popular consumer goods, as the
shopping list of Chinese overseas travelers has expanded from luxury
brands to daily living products, according to a statement released after
More than 100 million Chinese traveled overseas last year and spent
more than 1 trillion yuan ($157 billion) during their trips, according
to the Ministry of Commerce.
The statement did not include details as to when and where the
duty-free stores will open. However, Lu Peijun, deputy head of the
General Administration of Customs, said in an earlier interview that the
government is considering setting up new stores at airports.
Lu said China currently has 262 duty-free stores nationwide, with some
offering duty-free goods for diplomatic staff.
"There are not many duty-free stores at the ports of entry in
China....We are considering opening more shops of this kind,… but it has
to follow the willingness of the enterprises," he said.
Liu Simin, deputy secretary-general of the Beijing Tourism
Association, said it wouldn’t be easy to get consumers to spend more in
the domestic market and less overseas in a short time. "To achieve the
target involves the upgrading of industrial production and the
improvement of services."