With its beaches, duty-free shopping and booming real estate, could the tropical island of Hainan become China’s new Hong Kong?
Hainan – a tropical island in the country’s south, known as the “Hawaii of China” – is a playground for the rich and a sought-after destination for retirees.
Once dominated by sleepy fishing villages, it’s undergoing a rapid transformation, with new marinas for luxury yachts, five-star resorts and duty-free shopping.
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