Noteworthy was the achievement of 1.44 billion yuan in duty-free sales in Sanya. From Saturday to Tuesday, duty-free sales in the city exceeded 200 million yuan for four consecutive days.

L'Oreal said mainland China sales declined by low-single digits for the full year of 2024, implying a low-single digit decline in the fourth quarter, said Jefferies. The "Chinese ecosystem ...

to pay consumption taxes of around 14 billion yen ($105 million) relating to its duty-free sales, according to sources. The bureau’s investigation found that some “duty-free” transactions ...