入境消费利好 “中国购”持续升温

Core Viewpoint - The recent policy changes in China aim to boost inbound consumption, which is expected to drive domestic consumption and investment demand, injecting new momentum into economic growth [1][4]. Policy Support - New policies effective from November 1 include enhancements to duty-free shopping and adjustments to the Hainan duty-free shopping policy, aimed at increasing the variety of goods available [4]. - The number of entry ports eligible for 240-hour visa-free transit will increase from 60 to 65 starting November 5 [1]. Inbound Consumption Growth - Inbound consumption is experiencing significant growth, with 13.4 million foreign visitors recorded in Q3, a 22.3% increase year-on-year, and 7.25 million of these visitors entered under visa-free policies, marking a 48.3% increase [2]. - From January to September, the number of foreign travelers benefiting from departure tax refunds surged by 229.8%, with the refund amount increasing by 97.4% [2]. Recommendations for Future Measures - Experts suggest refining regional strategies, enhancing international recognition of domestic brands, and improving cross-border after-sales support to sustain the growth of inbound consumption [5]. - There is a call for dynamic adjustments to the duty-free product list, including the addition of new categories such as green smart appliances and domestic beauty products [5]. Enhancements in Consumer Experience - Recommendations include establishing city-based duty-free stores in popular tourist cities, promoting a "city booking, port pickup" model, and expanding the "immediate refund" service nationwide [6]. - The development of a multilingual duty-free shopping app that integrates tax refund and logistics tracking features is also suggested to enhance the shopping experience for foreign visitors [6].