Briefly

Digital RMB deals hit 14.2 trillion yuan

China's digital RMB ecosystem has been established in preliminary terms, with cumulative transactions reaching 14.2 trillion yuan ($2 trillion) by the end of September, according to the People's Bank of China. The digital RMB pilot program, which now covers 26 localities across 17 provincial-level regions in China, has formed replicable application models in fields such as retail and public services. A total of 3.32 billion transactions had been processed by the end of September.

Departure tax refund surges in Jan-Sept

The number of overseas tourists claiming China's departure tax refund surged 229.8 percent year-on-year in the first nine months of 2025, while the total tax refund rose by 97.4 percent, according to data released by the State Taxation Administration. China has introduced a series of measures since April to optimize its tax refund system for overseas visitors. Tax authorities nationwide have improved processing efficiency and enabled cross-region refund services, making the procedure more convenient and boosting tourism spending.

Xinhua - China Daily