💨 Abstract

China lowered the threshold for tax refunds for foreign tourists from 500 yuan to 200 yuan to stimulate consumer spending, as the country's economy faces pressure from a trade war with the U.S. The new policy, announced on Sunday, also doubled the upper limit for tax rebate in cash to 20,000 yuan and expanded the coverage of tax refund shops.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖