China widens tax rebates for foreign tourists to boost spending
Beijing’s latest move to ease tax rebate requirements for international shoppers comes as the government prioritizes boosting domestic consumption to offset trade tensions with the US.
Pedestrians past the Gucci luxury store on Nanjing Road pedestrian street in Shanghai. China announcement it will lower tax rebate thresholds for foreign visitors to boost consumption. Image: Getty Images
Pedestrians past the Gucci luxury store on Nanjing Road pedestrian street in Shanghai. China announcement it will lower tax rebate thresholds for foreign visitors to boost consumption. Image: Getty Images