The Chinese regime announced a lower minimum purchase amount on April 27 for tax refunds for foreign tourists and other measures to boost consumption amid a tariff war with the United States. Analysts are skeptical about their effect.
China’s Ministry of Commerce and five other departments issued the new policy, which lowered the threshold for tax refunds from 500 yuan ($69) to 200 yuan ($27.50). Foreign travelers who purchase tax-refundable items worth 200 yuan or more at the same eligible store on the same day are eligible to apply for what officials call the departure tax refund.
At the same time, the limit for receiving the refund in cash was raised from 10,000 yuan ($1,375) to 20,000 yuan ($2,751), and there are no restrictions on refunds via bank transfer….
China Reduces Threshold for Tax Refunds for Foreign Tourists to Boost Consumption
