In a bid to attract more foreign tourists and boost domestic consumption, China has recently reduced the minimum purchase amount for foreign tourists to claim tax refunds. The new minimum purchase limit is now set at 200 yuan, down from the previous 500 yuan. Additionally, the maximum rebate limit has been raised to 20,000 yuan. This move is part of the government’s efforts to increase the number of tax refund shops and simplify the refund process. By making it easier for foreign tourists to claim tax refunds on their purchases, China aims to encourage more spending and stimulate the economy. The revised tax refund policy is expected to make shopping in China more attractive to international visitors, ultimately driving up sales and benefiting the retail sector.