China on Monday released its first five-year plan dedicated exclusively to expanding consumption, marking a significant upgrade in the top-level design for buoying domestic consumption.
In a bid to further improve the city's shopping experience during the Shanghai Summer international consumption season, the Shanghai Pudong International Airport launched a slew of services, including fast tax refund, diversified payment options, and currency exchange, according to the Shanghai Airport (Group) Co Ltd.
Tax refunds in East China's Shandong province just got faster and easier. With the upgraded instant tax refund service, eligible international visitors can receive their VAT refund on the spot — no more waiting until they get to the airport.
China's retail sales of consumer goods are expected to reach around 60 trillion yuan ($8.85 trillion) by 2030, with consumption playing a stronger role in driving economic growth, according to a five-year plan aimed at expanding domestic demand and boosting consumption.
Core measures of the upgraded version 2.0 departure tax refund policy, including a fully paperless process and a random inspection system for small amounts, were officially rolled out earlier this month, allowing inbound travelers to immediately experience seamless efficiency.
China on Wednesday launched a national summer holiday cultural and tourism consumption campaign, with more than 450 million yuan ($66 million) worth of consumer vouchers to be distributed.
China unveiled on Tuesday a list of 40 pilot cities for automobile consumption-boosting initiatives, a move aimed at removing unreasonable restrictions and cultivating new consumption scenarios that integrate commerce, tourism, culture and sports.
China will launch a fresh campaign to promote the sales of new energy vehicles (NEVs) in its rural areas by improving auto trade-in services and strengthening support for NEV use in the countryside.
Beijing has ramped up its consumer goods trade-in program to stimulate market vitality and promote a green transition, driving over 21 billion yuan ($3.1 billion) in sales of new cars and home appliances in the first half of 2026.
China's Ministry of Commerce and seven other government departments Thursday released an implementation guideline document to accelerate the development of "artificial intelligence (AI) plus consumption."
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