China bets on duty-free paradise to keep luxury spenders at home

China’s efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan that it hopes will satisfy a lust for luxury. A view of a shopping mall in Sanya on Hainan Island, China May 11, 2016. REUTERS/Farah Master Firm...

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