Core Insights - The implementation of the departure tax refund policy has significantly boosted inbound consumption, with "China Purchase" sales nearly doubling in the first half of the year [1][2] Group 1: Policy Impact - The number of departure tax refund stores has increased to over 7,200, with the number of people enjoying tax refunds rising by 186% year-on-year [1] - Tax refund sales and amounts have grown by 94.6% and 93.2% respectively compared to the previous year [1] Group 2: Consumer Experience - New shopping experiences have emerged, with travelers enjoying immediate tax refunds upon purchase, enhancing their shopping satisfaction [3] - The introduction of "code refund" services allows travelers to complete tax refund processes online, improving efficiency by over 40% [7][8] Group 3: Local Business Opportunities - Local businesses, including high-end watch retailers, anticipate sales growth of over 10% due to the departure tax refund policy [3] - Major brands like Huawei and DJI are preparing to apply for tax refund store registration, indicating a growing interest in the policy [4] Group 4: Enhanced Convenience - The establishment of centralized tax refund points in major shopping areas has made the process more convenient for travelers [9][10] - New measures allow travelers to choose from multiple departure points for tax refunds, increasing flexibility in travel arrangements [11]

Core Insights - The popularity of "China travel" and "China shopping" continues to rise, with a significant increase in the number of overseas travelers shopping in China and benefiting from the enhanced tax refund policies [2] Group 1: Tax Refund Policy Enhancements - The number of tax refund stores in China has more than doubled, exceeding 7,200, with a 186% year-on-year increase in the number of people enjoying tax refunds [2] - Tax refund sales and amounts have increased by 94.6% and 93.2% year-on-year, respectively [2] - New upgrades to the tax refund policy are expected to sustain the momentum of inbound consumption [2] Group 2: Local Market Developments - Dalian has implemented a tax refund policy for overseas travelers, showing promising growth in sales, with expectations of over 10% increase for local businesses [4] - Local brands like Huawei and DJI are preparing to apply for tax refund store registration, indicating a growing interest in participating in the tax refund program [5] - Beijing has over 1,500 tax refund stores, with 40% of them featuring domestic brands, highlighting a strong local flavor in the tax refund shopping experience [5] Group 3: Technological Innovations in Tax Refund Process - The "code refund" service allows travelers to complete tax refund applications online, significantly improving efficiency by over 40% [8] - Innovations such as self-service machines for tax refund applications are being introduced to streamline the process and reduce wait times [8] Group 4: Enhanced Traveler Experience - New centralized refund points in major shopping districts provide travelers with more convenient options for processing tax refunds [10] - The introduction of mutual recognition of departure ports allows travelers more flexibility in their travel arrangements, enhancing the overall shopping experience [12][13]