At the annual Central Economic Work Conference held last week, Chinese policymakers placed "boosting domestic demand" first among eight key priorities on the economic agenda for next year.
China will select some 15 cities for a pioneering two-year pilot program aimed at building a world-class consumption environment, and attracting spending from overseas tourists.
Travelers from Hainan province will have a wider array of duty-free goods to choose from under a policy expansion set to take effect Nov 1, including pet supplies, small drones, and portable instruments.
Tax authorities in Guangzhou, the capital of Guangdong province, have upgraded their tax refund services for departing visitors, following an increased number of overseas buyers visiting the China Import and Export Fair.
Bank of China held a launch event on Friday at the China International Fair for Trade in Services in Beijing to introduce its cross-region mutual recognition service for instant tax refunds on departure.
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