China cuts minimum purchase for tax refunds to 200 yuan for tourists, aims to boost consumption with easier process.

China has recently announced a reduction in the minimum purchase requirement for foreign tourists to claim tax refunds, lowering it from 500 yuan to 200 yuan. Additionally, the maximum rebate limit has been increased to 20,000 yuan. This decision is part of the government’s efforts to enhance tax refund opportunities for tourists and ultimately boost domestic consumption. The authorities are also focusing on expanding the number of tax refund shops and streamlining the refund process to make it more convenient for visitors. By making these changes, China aims to attract more foreign tourists and encourage them to spend money within the country, thereby stimulating economic growth and promoting tourism.

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