China Optimizes Departure Tax Refund Policy to Boost Inbound Consumption
The Chinese mainland introduces eight new measures to streamline departure tax refunds, making shopping more convenient for international travelers starting July 2026.
Retail
Retailers Warn of Growing Supply Chain Strains Across Asia
Asian retailers are warning of mounting supply chain strains, urging businesses and investors to prepare for potential market volatility in 2026.
China’s Trade-In Push Aims to Fuel May Day Spending
China extends trade-in subsidies to stimulate holiday consumption and support economic goals.
Shanghai’s Seventh May 5 Shopping Festival Opens, Aims to Spur Consumption
Shanghai launches the 7th edition of its citywide May 5 Shopping Festival, a two-month campaign blending commerce, culture, and tourism to boost consumer spending across all 16 districts.
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.
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.