China has recently announced a reduction in the minimum purchase amount required for foreign tourists to claim tax refunds, lowering it 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 efforts to attract more foreign tourists and boost domestic consumption. The aim is to increase the number of tax refund shops and simplify the refund process. By making it easier for tourists to claim tax refunds on their purchases, China hopes to encourage more spending and support its retail sector. This move is expected to have a positive impact on the country’s economy and tourism industry.