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flag China's new tax refund policy boosted transactions by 116% and sales by 56% at tax refund stores.

flag China's refined tax refund policy has led to a 116% increase in tax refund transactions and a 56% rise in sales at tax refund stores between April 27 and May 26. flag The country expanded its refund-upon-purchase service model, with transactions increasing 32-fold and sales surging 50-fold year-on-year. flag Measures include lowering the minimum purchase threshold, raising the refund ceiling, and expanding product range, aiming to boost inbound tourism and shopping.

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