Core Viewpoint - The recent optimization of the duty-free shop policy by the Ministry of Finance and the Ministry of Commerce aims to boost domestic consumption by enhancing the attractiveness of duty-free shops and encouraging the sale of domestic products [1][4]. Group 1: Policy Enhancements - The new duty-free shop policy includes measures to increase the sales of domestic products, expand the range of goods offered, and relax approval processes for duty-free shops, which is expected to attract foreign consumers and stimulate domestic spending [1][3]. - The policy emphasizes the importance of duty-free shops in driving consumption, aligning with the goals set out in the 15th Five-Year Plan to enhance consumer spending and develop international consumption centers [1][4]. Group 2: Product Variety and Consumer Experience - The updated regulations encourage duty-free shops to allocate at least 25% of their sales area to domestic products, promoting the visibility and sales of local brands while meeting diverse consumer needs [2]. - New product categories such as mobile phones, drones, sports goods, health foods, over-the-counter drugs, and pet foods will be added to the offerings in duty-free shops, providing travelers with more shopping options [2]. Group 3: Approval Process and Market Dynamics - The approval authority for establishing and operating duty-free shops has been decentralized to provincial authorities, which is expected to enhance efficiency and stimulate market activity [3]. - The policy changes aim to address operational bottlenecks and improve the overall market environment, thereby maximizing the potential of duty-free shops in boosting consumption [3][4].

Group 1 - The core viewpoint of the article emphasizes the recent policy improvements in duty-free shops aimed at boosting domestic consumption and attracting foreign visitors [2][5] - The new regulations encourage the sale of domestic products in duty-free shops, mandating that at least 25% of the sales area in certain shops be dedicated to domestic goods [3] - The policy changes include expanding the range of products available in duty-free shops, adding categories such as mobile phones, drones, sports goods, health foods, over-the-counter drugs, and pet food [3][4] Group 2 - The approval process for establishing and operating duty-free shops has been streamlined, allowing local authorities to have more control and improve efficiency [4] - The article highlights the importance of a strong domestic market as a strategic foundation for China's modernization, with duty-free shops playing an increasingly significant role in stimulating consumption [5] - The combination of policy measures aims to create a market environment that is both dynamic and well-regulated, enhancing the overall effectiveness of the duty-free shopping experience [5]

Core Viewpoint - The recent upgrade of the duty-free shop policy aims to boost domestic consumption by enhancing the attractiveness of duty-free shopping and facilitating the return of overseas consumption [1][2][4] Policy Enhancements - The Ministry of Finance and the Ministry of Commerce have jointly issued a notice to improve the duty-free shop policy, which includes increasing the sales of domestic products, expanding the range of goods offered, and relaxing approval requirements for duty-free shops [1][2] - The new regulations encourage the procurement of high-quality domestic products and require that at least 25% of the operational area of duty-free shops be dedicated to domestic goods [2][4] Market Dynamics - The optimization of the duty-free shop policy is expected to stimulate international passenger flow, thereby boosting related sectors such as dining and accommodation [2] - The policy changes are part of a broader strategy to cultivate international consumption centers and expand inbound consumption [1][4] Service Improvements - New measures have been introduced to enhance the shopping experience for travelers, including online reservation services and a "reserve online, pick up offline" model [3] - Approval processes for establishing and operating duty-free shops have been streamlined, allowing local authorities to have more control and flexibility [3][4] Strategic Importance - The duty-free shop business is increasingly playing a significant role in stimulating domestic consumption, which is a strategic foundation for China's modernization efforts [4]