China has recently announced a significant change in its tax refund policy for foreign tourists, reducing the minimum purchase amount required to claim tax refunds. The new minimum purchase limit has been lowered from 500 yuan to 200 yuan, making it easier for tourists to enjoy tax benefits on their purchases. Additionally, the maximum rebate limit has been raised to 20,000 yuan in a bid to attract more foreign visitors and boost domestic consumption. The Chinese government is also focused on increasing the number of tax refund shops and streamlining the refund process to make it more convenient and efficient for tourists. These changes are expected to make shopping in China more appealing for international travelers and stimulate spending within the country.

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China lowers minimum purchase for tax refunds to 200 yuan, aiming to boost tourism and domestic spending.
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