China has recently announced a reduction in the minimum purchase amount for foreign tourists to claim tax refunds, from 500 yuan to 200 yuan. Additionally, the maximum rebate limit has been raised to 20,000 yuan. This initiative is part of the government’s efforts to encourage more foreign tourists to shop in the country and boost domestic consumption. The goal is to attract more tourists to refund shops and streamline the refund process for a more efficient customer experience. These changes are expected to have a positive impact on the retail sector in China, as well as on the overall economy.