China cuts minimum purchase for tax refunds to 200 yuan, raises maximum rebate to 20,000 yuan to boost tourism.

China has recently announced a reduction in the minimum purchase amount for foreign tourists to claim tax refunds, bringing it down from 500 yuan to 200 yuan. The maximum rebate limit has also been raised to 20,000 yuan. This decision aims to attract more international visitors and boost tax refund shop sales. The Chinese government is also working on streamlining the refund process to make it more efficient and convenient for tourists. This move is seen as a strategic effort to stimulate domestic consumption and support the country’s economy.

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