“中国购”成为中国经济的又一张名片

Core Insights - The "China Travel" trend continues to thrive, while "China Purchase" has emerged as a new hotspot for foreign consumers in China [1] - Inbound tourism spending is significantly increasing, with total expenditures expected to reach $94.2 billion in 2024, representing a year-on-year growth of 77.8% [1] - The product offerings under "China Purchase" are evolving, with unique cultural products and drones becoming popular among foreign tourists [1] - Recent policy changes, including lowering the threshold for tax refunds from 500 RMB to 200 RMB and increasing the cash refund limit from 10,000 RMB to 20,000 RMB, are expected to further stimulate the "China Purchase" trend [1]