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Avon lipstick products are displayed inside the newly completed U.S. headquarters for Avon Products Inc. on September 14, 2011 in New York City.

China Eases Consumption Tax on Cosmetics

Charissa Echavez   | Oct 03, 2016 01:51 AM EDT

China is cutting down or eliminating tax on all cosmetic products, the finance ministry announced on Friday, the country's latest move to accelerate the transition toward a more consumption-led economy.

China Tourism

182 Shanghai Stores Now Offer Tax Refunds To Foreign Tourists

Mars Woo   | Jan 02, 2016 04:03 AM EST

At least 182 shops in Shanghai are now offering tax refunds to foreign tourists who will be spending more than Rmb500 (US$77) during their visit in the city, the Shanghai Commission of Commerce has revealed.

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