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Continental drift

机译：大陆漂移

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HAINAN, A TROPICAL island 450km (280 miles) south-west of Hong Kong, used to be a sleepy backwater populated by budget resorts catering to Chinese tourists unable to afford a trip to Hawaii. Today it draws travellers with considerably fatter wallets. Buying a Gucci gown or a Tiffany trinket in one of its giant, posh malls feels no different from shopping on Fifth Avenue in New York or Avenue Montaigne in Paris-until the tills are rung. Instead of walking out with their bling, visitors from mainland China pick up their items at the airport on their way home, or get them dispatched there directly. Under rules devised a decade ago, which mean that for duty purposes Hainan is treated as a separate zone from mainland China, they are exempt from certain taxes and duties. Savings can reach 30% as a result. Duty-free shopping conjures up images of crowded airport terminals. As covid-19 has emptied these of passengers around the world, the shops inside have suffered commensurately. After reaching $86bn in 2019, according to Generation Research, a consultancy, duty-free sales collapsed by two-thirds last year. Mauro Anastasi of Bain, another consultancy, forecasts that travel-retail sales will not reach those levels again in real terms before the second half of the decade. Intercontinental passengers and business travellers, the biggest spenders, are likely to take longest to return to the skies. Chinese tourists, by far the most prized by duty-free operators, are shunning countries with poor records of handling the pandemic.
机译：Hainan，一个热带岛屿450km（280英里）香港西南部，曾经是由经济型度假村填补的困倦的回水，迎合中国游客无法提供夏威夷之旅。今天它绘制了旅行者，具有相当大的钱包。在其巨头之一购买Gucci Gown或Tiffany Trinket，豪华的商场感觉与纽约的第五大道购物或巴黎的大道蒙塔尼队的购物 - 直到径梯落。来自中国大陆的游客而不是走出他们的放血，而是从回家的路上拿起他们的物品，或者直接让他们在那里派遣。根据十年前设计的规则，这意味着为了职责目的，海南被视为来自中国大陆的单独区域，他们免于某些税收和职责。结果可以达到30％。免税购物召唤着拥挤的机场码头的图像。由于Covid-19已经清空了世界各地的乘客，内部的商店遭受了非常突出的。据发电研究达到860亿美元后，去年三分之二的免税销售额兑现。另一个咨询，贝恩的Mauro Anastasi预测，旅行零售销售将在十年后半侧在实际方面再次达到这些水平。洲际乘客和商务旅行者最大的消费者，最长的是返回天空。到目前为止，中国游客是由免税运营商的最珍贵的，是处理流行病的记录差的避免国家。

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    《The economist》 |2021年第9234期|共2页
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