UBS: Chinese mainland’s H1 Growth Remains Strong
UBS economist Zhang Ning highlights the Chinese mainland’s strong H1 growth driven by exports and retail policies, with more stimulus expected in H2.
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Chinese Mainland Lowers Tax Refund Threshold to Boost Inbound Shopping
Chinese mainland lowers departure tax refund threshold to 200 yuan, raises cash cap to 20,000 yuan, and expands outlets for instant VAT rebates to drive inbound shopping.