The largest duty-free shop in downtown Shanghai, which measures more than 3,000 square meters, opened on Aug 8. The two-floor shop is currently stocking its shelves with more than 10,000 types of goods from over 100 brands and sells imported products including cosmetics, kitchenware, powdered milk, toys and porcelain.
The shop said that consumers can look forward to purchasing certain popular items at highly discounted prices. According to China’s duty-free policy, Chinese citizens who return from overseas trips are allowed to purchase goods costing up to a maximum of 5,000 yuan ($753) at duty-free stores within half a year.
The largest number of private buyers for new energy vehicles in China came from Shanghai, according to the latest Annual Report on New Energy Vehicle Industry in China (2016). Shanghai (26 percent), Beijing (14 percent) and Shenzhen, Guangdong province (8 percent) accounted for a total of 48 percent of the private buyers of new energy vehicles in China in 2015.
The report also showed that the domestic production and sales of new energy vehicles in China reached 497,000 in 2015, making China the country with the largest number of new energy vehicle owners.
The regulation regarding Shanghai’s transformation into an international shipping center has been implemented on Aug 1 and it also includes for the first time changes to the aviation sector, as announced at a news conference by the Shanghai Municipal Transportation Commission.
Authorities will be adjusting the city’s airspace structure, leveling up airspace capacity and improving the network of routes for airlines as it aims to make the two airports in Shanghai a core aviation hub in China and the world.
In 2015, Shanghai Pudong International Airport and Shanghai Hongqiao International Airport had a total passenger throughput of more than 99.1 million.