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New measure enables foreign travelers to claim tax refunds in Chinese stores

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      China

      China

      New measure enables foreign travelers to claim tax refunds in Chinese stores

      2025-04-15 16:30 Last Updated At:17:17

      International travelers shopping in China can now claim tax refunds directly in stores thanks to a new initiative which aims to boost both the tourism and retail sectors while bringing greater convenience to shoppers from overseas.

      The new tax refund policy, which took effect on April 8, allows foreign visitors to receive immediate cash refunds at participating stores by presenting their passport, receipts, and a completed application form, bypassing the often time-consuming process at airports.

      The new measure has already been welcomed by tourists and businesses in Chengdu City of southwest China's Sichuan Province, a popular tourism destination known as the home of the giant panda.

      Nearly 50 shopping malls and retail locations in Chengdu are already offering the service, including at the bustling Chunxi Road pedestrian shopping street which boasts over 700 retail outlets. City officials say more stores will soon join the program, further expanding its reach and impact.

      The policy applies to a variety of goods, including luxury items and cultural products. Several foreign travelers who have taken advantage of the new tax refund initiative shared their experience and praised the recent change.

      "I think it’s very convenient because after I purchase the goods and I can across the street, I can do the tax refund,” said Paranee Swasdichai, a tourist from Thailand.

      "I think it's super convenient. It's a big hassle to take it back, and carry all of your receipts back to the airport. So it's really nice to be able to do it back in the store," said James Wingert, a visitor from the United States.

      Originally piloted in major cities like Beijing and Shanghai before being rolled out in other parts of China, the initiative is part of the country's broader effort to open up to international travelers and stimulate domestic consumption, and business owners say they are also seeing the benefits of the new policy.

      "The initiative has attracted more visitors, improving our sales and increasing staff incomes," said Xia Shujun, general manager of the Sichuan Shishang Parkson Retail Development company, who also noted that when international travelers buy domestic brands, they also help promote them overseas.

      New measure enables foreign travelers to claim tax refunds in Chinese stores

      New measure enables foreign travelers to claim tax refunds in Chinese stores

      Next Article

      UN forecasts global economic growth to slow to 2.4 pct in 2025

      2025-05-16 13:59 Last Updated At:14:37

      World economic growth is projected to slow to 2.4 percent in 2025, down from 2.9 percent in 2024, due to heightened trade tensions and policy uncertainty, according to a mid-year update of the 2025 World Economic Situation and Prospects report of the United Nations, which was released on Thursday.

      The latest global economy forecast is 0.4 percentage points below the January forecast.

      The global economic outlook has deteriorated significantly since the January 2025 forecast. Sweeping United States tariff announcements and counter-announcements, along with heightened policy uncertainty have eroded global growth prospects, said the UN report.

      In terms of international trade, global trade growth is projected to decline sharply from 3.3 percent in 2024 to 1.6 percent in 2025, said the report.

      The economic slowdown and persistent weakness in global investment growth will drag down employment and wage growth, according to the report.

      The report also emphasized that policy coordination and international cooperation are particularly crucial for stabilizing the global economy and promoting sustainable development as the current world economy is facing high uncertainty.

      UN forecasts global economic growth to slow to 2.4 pct in 2025

      UN forecasts global economic growth to slow to 2.4 pct in 2025

      UN forecasts global economic growth to slow to 2.4 pct in 2025

      UN forecasts global economic growth to slow to 2.4 pct in 2025

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