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flag Shanghai's tax refund policy for foreigners saw sales surge 150% during the May Day holiday.

flag During the May Day holiday, Shanghai saw a 150% increase in sales under its departure tax refund policy for foreigners, up from last year. flag This surge follows China's recent policy changes, including lowering the refund eligibility threshold from 500 yuan to 200 yuan. flag Traditional food and retail sectors, such as Taikang Foods and Shao Wan Sheng, are now participating, transforming Nanjing Road into a tax-free shopping area with 45 refund stores.

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