Hainan customs supervised 855 million yuan (about $128 million) in offshore duty-free purchases from October 1 to 7, covering 123,000 shopper visits and 696,800 items. Buyers of the same gold jewelry could pay up to 5,000 yuan less than on the mainland, about 19 million dong, because of the island's duty-free policy. The Hainan Free Trade Port has operated as a fully closed island since late 2025 under a “loose first line, tight second line” model, raising the share of goods with zero tariffs from 21% to 74% across more than 6,600 tariff lines. According to Dr. Nguyen Thai Chuyen, the island was chosen as an open-door laboratory for its sea-bounded geography, small economy and ASEAN orientation, with Hainan–ASEAN trade reaching 57.91 billion yuan (about $8.7 billion) in 2024.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ở nơi người dân được mua vàng với giá rẻ hơn gần 20 triệu đồng, bài học từ 'phòng thí nghiệm mở cửa' của Trung Quốc
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Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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