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4w ago

China Expands Tax Refund Policies to Boost Foreign Tourist Spending

The Chinese government has lowered refund thresholds, increased maximum rebates, and simplified procedures to stimulate inbound consumption and counter economic challenges.

Lyndon Lin, owner C.K. Color Stone and Beads, rear, walks behind beads from China and other Asian countries displayed at his shop in Chinatown in San Francisco, Friday, April 18, 2025. (AP Photo/Jeff Chiu)
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Tourists take photos in front of the financial Central district and Victoria Harbour in Hong Kong, China, May 9, 2023. REUTERS/Tyrone Siu/File Photo
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Overview

  • China has reduced the minimum single-day tax refund threshold for foreign tourists from 500 yuan to 200 yuan to encourage spending.
  • The maximum cash rebate amount has been raised to 20,000 yuan, offering greater incentives for high-value purchases.
  • The list of eligible tax-refund stores has been expanded to include more shopping areas, scenic spots, airports, and hotels.
  • Procedures for claiming tax refunds have been streamlined to make the process more accessible and efficient for tourists.
  • The measures are part of a broader strategy to stimulate domestic consumption and mitigate the economic impact of ongoing trade tensions with the United States.