China has recently announced a significant reduction in the minimum purchase amount required for foreign tourists to claim tax refunds, bringing it down to 200 yuan from the previous 500 yuan. Additionally, the maximum rebate limit has been increased to 20,000 yuan. This initiative is part of the government’s efforts to attract more foreign tourists and boost domestic consumption. The aim is to encourage more tourists to shop in China and take advantage of the tax refund policy. In addition to lowering the minimum purchase amount, the government also plans to increase the number of tax refund shops and simplify the refund process to make it more convenient for tourists. This move is expected to have a positive impact on the retail sector in China and attract more tourists to the country.