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

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 by the Chinese government is aimed at attracting more foreign tourists and boosting domestic consumption. In addition to reducing the minimum purchase threshold, the government plans to increase the number of tax refund shops and simplify the refund process to make it more convenient for tourists. These changes are expected to make shopping in China more attractive for foreign visitors and encourage them to spend more during their stay. The move is also seen as a way to stimulate economic growth and support the retail sector in the country.

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