China’s Instant Tax Refund Stores Surpass 8,000, Fueling Inbound Tourism Boom
China’s instant tax refund network for foreign tourists now exceeds 8,000 stores, with claims and spending seeing explosive growth, boosting inbound tourism.
Retail
Hong Kong Holiday Shopping Surge Signals Strong Year-End Consumer Confidence
Hong Kong’s festive shopping surge continues as over 457,000 visitors flocked to commercial hubs on December 25, signaling robust consumer activity amid the holiday season.
The Chinese Mainland’s GDP Surges 5% in 2024, Fueled by New Productive Forces
China’s GDP rose by 5% in 2024, reaching 134 trillion yuan, driven by new quality productive forces and a 3.5% increase in retail sales.