Hainan's new tax-free shopping policy came into effect on last Wednesday.
An iPhone 11 Pro Max with 512GB storage is priced at 10,210 yuan ($1443.69) in the duty-free shops in Hainan on Thursday — 2,489 yuan lower than Apple's official price — as new regulations for duty-free shopping in the free trade port are put into effect, the National Business Daily reported.
Lowering taxes and raising duty-free quotas, China has taken concrete steps in line with a master plan released on June 1 to build the southern island province of Hainan into a high-level free trade port, showcasing the country's commitment towards both post-pandemic recovery and long-term economic growth.
China's national sports training southern base is being constructed in China's southern island province of Hainan.
Overview
Haikou 
Sanya 
