China cuts minimum purchase for tax refunds to 200 yuan, increases maximum rebate to 20,000 yuan to boost tourism.

China has recently announced a significant change that will benefit foreign tourists visiting the country. The minimum purchase amount required for foreign tourists to claim tax refunds has been reduced from 500 yuan to 200 yuan. Additionally, the maximum rebate limit has been set at 20,000 yuan. This move is part of the Chinese government’s efforts to attract more tourists and boost domestic consumption. The government is also working on increasing the number of tax refund shops and simplifying the refund process to make it more convenient for tourists. By lowering the minimum purchase requirement and implementing these new measures, China aims to make shopping more appealing for foreign visitors and encourage them to spend more while in the country. The reduction in the minimum purchase amount is expected to make tax refunds more accessible to a larger number of tourists, ultimately driving economic growth in the retail sector.

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