China’s nationwide instant tax refund policy goes viral
A video of U.S. streamer iShowSpeed purchasing a Black Myth: Wukong bracelet at Chow Tai Fook in Beijing went viral, highlighting China’s newly expanded instant tax refund policy. Since April 8, China allows foreign and Hong Kong/Macau/Taiwan visitors who have resided in mainland less than 183 days to receive immediate VAT refunds. Analysts say greatest beneficiaries aren’t luxury brands but mass-market goods, especially local names like Songmont and Pop Mart.