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China’s Instant Refund Rollout Fuels Duty-Free Stock Surge

Hints at a shift in global shopping flows
Hainan's Offshore Duty-Free Sales Reach 6.61 Billion Yuan During Spring Festival Travel Rush

Sanya Phoenix International Airport saw record-breaking passenger traffic
Hainan Offshore Duty-Free Sales Surpass 30 Billion Yuan in 2024

Several factors contributed to lower results in 2024

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