The launch ceremony of the Global Consumption Event Series jointly organized by the Hainan Provincial Bureau of International Economic Development and China Duty Free Group took place in Haikou, Hainan province, on Saturday, marking the kickoff of the fourth China International Consumer Products Expo under the theme of "Share open opportunities, Co-create a better life".

Chen Yin, chairman of China Tourism Group, said the global tourism market is showing clear signs of recovery, and the development prospects for the tourism retail industry are bright.

In terms of the Chinese market, Chen said the recovery of tourism consumption is also accelerating, and tourism retail holds long-term growth potential. The duty-free market in Hainan is vibrant, and Hainan's role as an international tourism and consumption center continues to be consolidated.

He emphasized that China Tourism Group and its subsidiary, China Duty Free Group are taking the lead in demonstrating honest operations and quality service in accordance with the principle of "doing business in good faith and providing quality services" in Sanya International Duty Free Shopping Complex.

They are also promoting the comprehensive development of the duty-free industry chain in Hainan, and providing strong support for the construction of the Hainan international tourism and consumption center and free trade port. In the future, with the joint efforts of an effective market and proactive government, the demand for tourism will be further released as tourism is an essential need for people to pursue a better life. The role of consumption in driving economic growth will become more prominent, Chen said.