Hainan was China’s shopping paradise. For Beijing that’s no longer enough.
Beijing’s message is unmistakable: If Hainan can no longer thrive merely as a place for domestic shoppers to buy their perfume and handbags, it will have to become a place to process goods, attract overseas capital and experiment with a more open economic model.
Original Source
Read the full article at Marketwatch →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.