China has recently made changes to its tax refund policy for foreign tourists, lowering the minimum purchase amount required to claim tax refunds from 500 yuan to 200 yuan. The maximum rebate limit has also been increased to 20,000 yuan. This initiative is part of the government’s strategy to enhance domestic consumption and promote tax refund shops. The aim is to attract more foreign tourists to shop in China by simplifying the refund process. The new policy is expected to boost the retail sector and stimulate economic growth.

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China lowers minimum purchase for tax refunds to 200 yuan, aims to boost domestic consumption with easier process.
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