In a bid to boost domestic consumption, China has announced a reduction in the minimum purchase amount required for foreign tourists to claim tax refunds. The new minimum purchase limit has been lowered to 200 yuan from the previous 500 yuan, while the maximum rebate limit has been set at 20,000 yuan. This initiative is part of the government’s efforts to increase tax refund shops and streamline the refund process for foreign visitors. By making it easier for tourists to claim tax refunds on their purchases, China hopes to encourage more spending from international visitors, ultimately boosting the country’s economy.