China has introduced a nationwide tax refund policy for the first time to encourage spending by more overseas tourists.But a closer look at the plan suggests that the country has a lot more to do to achieve this goal, according to observers.
Ctrip, China's largest online travel agency, told China Daily, "The new policy will not boost sales of any internationally known luxury brands in the short term, as Chinese retailers do not enjoy any advantages in terms of price or design.
A manager at a duty-free shop in Shanghai said the policy may not prove that popular, as international tourists do not have much enthusiasm for products they can buy more cheaply at home.
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