Core Viewpoint - The recent upgrade of the departure tax refund policy aims to stimulate inbound consumption by enhancing the convenience of tax refunds for foreign travelers [1][2]. Group 1: Policy Enhancements - The new notification expands the scope of departure tax refund stores, allowing newly established businesses with M-level tax credit ratings to qualify as refund stores [4][5]. - The process for registering tax refund stores has been simplified, allowing direct applications to the local tax authority instead of provincial tax bureaus, thus speeding up the registration process [4][5]. - Shanghai's tax authorities have implemented self-service terminals for tax refund applications, significantly reducing wait times for travelers [4][5]. Group 2: Impact on Consumer Experience - The introduction of "immediate purchase and refund" services in Zhejiang has led to increased consumer spending among foreign tourists, with a notable rise in sales and tax refund amounts [7]. - In 2024, Hangzhou's departure tax refund sales reached 110 million yuan, a 130% increase year-on-year, indicating a strong positive response from foreign consumers [7]. - The reduction of the minimum refund threshold from 500 yuan to 200 yuan and the increase of cash refund limits from 10,000 yuan to 20,000 yuan are expected to further enhance the shopping experience for foreign travelers [10]. Group 3: Regional Developments - Jiangsu province has seen a surge in foreign tourist interest, with shopping centers reporting high foot traffic and positive feedback on the shopping experience, particularly with the "immediate purchase and refund" policy [10]. - The establishment of 219 departure tax refund stores in Zhejiang, including key shopping destinations, has contributed to a vibrant shopping environment for foreign visitors [7].