New tax refund policy boosts tourism
Updated: 2015-08-20 15:07
By Sun Yuanqing(chinadaily.com.cn)
|
||||||||
Galeries Lafayette Beijing Department Store. [Photo provided to China Daily] |
Beijing luxury shopping mall Galeries Lafayette Beijing has recently announced to enact the new tax rebate policy that allows foreign tourists to get a 11 percent refund on their purchase on consumer goods.
The policy was first launched in Beijing and Shanghai in July and is expected to expand to other cities. The policy aims to encourage tourism and shopping in the cities.
So far, more than 60 stores in Beijing, most of which are time-honored Chinese brands, are qualified for the policy. Galeries Lafayette Beijing is one of the first foreign-invested companies to be designated.
Galeries Lafayette Beijing is known for its unique brand portfolio that includes both major luxury brands and local designer brands like Chictopia, Chi Zhang, Chris by Christopher Bu, Fiona Chen, Helen Lee, Ma by Masha Ma and Vega Zaishi Wang.
Related:
- The changing looks of Beijing before V Day parade
- Nanjing displays ancient marriage, divorce certificates
- Top 10 Android app stores in China
- Ceremony held to mourn victims of Tianjin blasts
- Silk Road city displays sculptures at exhibition
- Top 10 companies with the most employees
- Men in Indonesia climb greased poles to win prizes
- In pictures: Life near Tianjin blasts site
Most Viewed
Editor's Picks
Seventh China-US strategic dialogue |
Premier Li embarks on Latin America visit |
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Today's Top News
Fitch warns insured losses from Tianjin explosions could reach $1.5b
Conflicting reports on possible Abe trip
Hillary Clinton breaks with Obama on Arctic oil drilling
At UN, China backs regional peace efforts
Man in yellow shirt is Bangkok bomber: Police
Beijing dismisses reports of Abe's China visit in September
Anti-corruption campaign 'good for China, US'
Police: Man in yellow shirt is Bangkok bomber
US Weekly
Geared to go |
The place to be |