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 set at 20,000 yuan. This initiative is part of the government’s strategy to enhance domestic consumption and attract more foreign tourists to shop in the country. The goal is to increase the number of tax refund shops and streamline the refund process for tourists. By making it easier for visitors to claim tax refunds on their purchases, China hopes to boost its retail sector and overall economy. The new policy is expected to have a positive impact on the tourism industry and encourage more spending by foreign visitors.