Beijing street to be duty-free haven (2)

The traditional center of trade in goods from Russia and other eastern European countries is located near the Second Ring Road, alongside an area famous for fur trading.

Hong said the city authority signed a strategic cooperation letter with China Duty Free Group in May during the China Beijing International Fair for Trade in Services, which mapped out joint plans to set up duty-free shops in the capital's CBD area.

Under the agreement, foreign tourists will be able to receive tax refunds and shop for duty-free products in the city center, instead of only at the airport.

The duty-free shopping will mainly cater to foreign tourists, and it remains uncertain whether it will be open to local residents who plan to leave the country, it said.

On Yabao Road on Monday, vendors knew little of the plans, and some voiced concern over the possible impact of large-scale duty-free outlets in what is already a fiercely competitive shopping area.

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