1-9月广东离境退税销售额大增，广交会首设离境退税专区

Core Insights - The 138th China Import and Export Fair (Canton Fair) has successfully concluded its first phase, introducing a new "immediate refund" tax service for overseas consumers, enhancing the shopping experience in Guangzhou [1][3]. Tax Refund Services - The Guangdong Provincial Taxation Bureau has launched a new "immediate refund" service for overseas travelers, allowing them to shop in Guangdong and receive tax refunds at any designated exit point, breaking regional restrictions [3][5]. - The tax refund service area at the fair featured multilingual volunteers assisting foreign consumers with the refund process, significantly improving service efficiency [4][5]. Economic Impact - In the first nine months of 2025, the tax refund sales in Guangdong (excluding Shenzhen) increased by 133.83%, with the number of transactions growing by 372% year-on-year [1]. - The introduction of the "immediate refund" service aims to convert inbound traffic into consumer spending, promoting a positive cycle of shopping and tax refunds [5]. Technology and Innovation - The fair showcased advancements in the artificial intelligence sector, with the industry size exceeding 900 billion yuan in 2024, reflecting a 24% year-on-year growth [6]. - Over 5,300 AI companies are now operating in China, accounting for 15% of the global total, indicating the sector's growing importance in the economy [6]. Compliance and Tax Benefits - Companies like Guangzhou Yingbo Intelligent Technology Co., Ltd. have improved their internal tax compliance processes, allowing for quicker tax refund applications and significant tax savings [7][8]. - The fair highlighted the importance of compliance in securing tax benefits, with many companies reporting substantial reductions in tax liabilities through effective management of R&D expenses [8]. Market Expansion - Approximately 85% of Chinese export companies are also engaging in domestic sales, with domestic sales accounting for nearly 75% of total revenue, indicating a trend towards integrated domestic and foreign trade [9]. - The fair included a dedicated area for connecting foreign trade products with domestic markets, facilitating a platform for integrated trade strategies [9]. Trade Performance - China's total import and export volume reached 29.6 trillion yuan in the first eight months of this year, reflecting a 3.5% year-on-year increase despite global trade challenges [10]. - Companies are adapting to the changing international trade environment by leveraging policy support to enhance their domestic and international market strategies [10]. International Operations - Wanli Tire Co., Ltd. has established its first overseas smart factory in Cambodia, benefiting from export tax refund policies that significantly enhance their operational efficiency [11]. - The Guangdong Provincial Taxation Bureau has streamlined export tax refund policies to assist companies in navigating cross-border tax compliance [11].