
21:17 ETChina unveils upgraded tax refund policy to boost inbound spending

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China has introduced an upgraded departure tax refund policy to enhance inbound spending and improve the shopping experience for overseas travelers. The new measures include expanding tax refund coverage, streamlining customs procedures, and enhancing digital services. The policy aims to attract more foreign visitors and stimulate consumption, with significant growth in tax refund applications and stores reported in recent years. Experts believe these reforms will not only boost retail sales but also encourage spending in various service sectors.
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