The rise of Hainan, the tropical island in the South China Sea, as a hub for Chinese mainlanders’ luxury offshore shopping – in the works since 2011 – has been boosted by new tax rules and the hiatus in international travel. International brands are rushing to stake their claim in this important destination. Martin Moodie, an expert in duty free trade and author of the famous Moodie Davitt Report, helps us understand this crucial development for the future of luxury, including for watchmakers.