Shanghai targets fivefold increase in tax-free sales to inbound tourists by 2030
Shanghai's new five-year trade plan aims to raise tax-refund sales to foreign visitors from 4.28 billion yuan to about 20 billion yuan by 2030. Measures include simplifying tax refunds, improving multilingual signage, and expanding foreign card payment services and currency exchange. The initiative aligns with China's broader strategy to boost inbound tourism and consumption.
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Original headline: “Shanghai aims to quintuple tax-free merchandise sales to foreign tourists within 5 years.” Browse more stories.