China has issued a notice to further optimize departure tax refund policies, which will enhance shopping experience for overseas tourists and expand spending. The new policy follows moves last year to ease visa restrictions to attract more foreign visitors. It comes as authorities are stepping up efforts to boost consumption against a background of hefty U.S. tariffs on Chinese exports. How big an impact will such a move have on domestic consumption? What can be done to attract more overseas travelers? And as the nation enjoys this week-long Labor Day holiday, how resilient will the Chinese economy be?

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