China has recently announced a significant change in its tax refund policy for foreign tourists, reducing the minimum purchase amount required to claim tax refunds 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 strategy to stimulate domestic consumption and attract more tourists to the country. The aim is to encourage more spending by foreign visitors by making it easier for them to claim tax refunds on their purchases. Furthermore, the Chinese government plans to increase the number of tax refund shops and streamline the refund process to make it more convenient for tourists. This move is expected to have a positive impact on the retail sector and boost tourism in China.