China sees surge in departure tax refunds in H1 2026

China has continued to improve its refund-upon-purchase services for overseas travelers. In the first half of 2026, the number of overseas visitors claiming departure tax refunds surged 366% year on year, while the sales of tax-refunded goods and the value of tax refunds both rose 69%, said Rong Hailou, chief economist of the State Taxation Administration, at a Tuesday press conference.

July 29, 2026

China's tax support for innovation, manufacturing tops 1.91 trillion yuan in H1 2026

In the first half of 2026, tax and fee cuts as well as tax refunds under the current major policies supporting scientific and technological innovation and the development of the manufacturing sector totaled 1.91 trillion yuan (US$ 267.4 billion), said Wang Shiyu, chief auditor of the State Taxation Administration, at a press conference Tuesday.

July 29, 2026

China's tax revenue tops 10 trillion yuan in H1 as economy improves

China's tax revenue rose 4.9 percent from a year earlier to more than 10 trillion yuan (about 1.47 trillion U.S. dollars) in the first half of 2026, supported by an improving economy and a recovery in factory-gate prices, tax authorities revealed Tuesday.

July 28, 2026

Tax data: Economic performance solid

China's economy has demonstrated a stable and positive trajectory at the start of the 15th Five-Year Plan (2026-30) period, characterized by robust growth in the real economy, emerging industries and green development, said the State Taxation Administration.

July 29, 2026