RAPAPORT... Duty-free and travel-related retail sales in China could get a boost from government plans to change tax rules and build more retail venues, according to Bloomberg Intelligence analyst Catherine Lim.
The government is expected to include these changes in the 13th five-year plan to be released later this year.
According to Lim, China's new airports and seaports, along with downtown duty-free shops may add selling space for luxury brands. Reforms of state-owned companies that control the country's duty-free shopping industry could draw foreign firms into partnerships, she wrote in a recent report.
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