Financial Observation: Inbound shopping upgrades as foreign tourists embrace 'new Chinese quality products'
财经观察：入境购物再升级，外国客爱上“中国新精品”
Global Times reports that foreign tourists in China are increasingly buying Chinese-brand sportswear, tech gadgets, and beauty products, moving beyond the old 'cheap and good' stereotype. The article highlights recent policy improvements: paperless tax refund processing (July 2025), extension of the 'buy now, refund later' period from 17 to 28 days, and nationwide implementation of cross-port tax refunds (September 2025). Experts quoted frame this as a vote of confidence in China's supply chain, economic resilience, and opening-up policies.
The view from inside
The article frames foreign shopping as a validation of China's economic model, using terms like 'new quality productive forces' (新质生产力) implicitly through the phrase 'new Chinese quality products' (中国新精品).
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