The visa-free policy boosts tourism consumption and promotes the development of various economies

The 144-hour visa-free transit policy is not only a business card showcasing China's image, but also a booster for boosting tourism consumption and promoting the prosperous development of related industries. Driven by both policy and market forces, China's inbound tourism has entered a virtuous cycle and sped onto a fast track of development.

The dividends released by China's continuous optimization of visa policies are not only reflected in the tourism market but also expand to other fields.

Looking back on the course of China's reform and opening up, inbound tourism has been of great significance in promoting opening up to the outside world. In the 1980s, in order to enable foreign capital to understand China's social and business environment, China took inbound tourism as a starting point, creating a channel for reform and opening up. The development of inbound tourism can not only drive the prosperity of the tourism industry and bring economic benefits, but also create a favorable international environment for the country's economic development.

Nowadays, the continuous optimization of visa-free policies will also encourage more foreigners to come to China for business, work, study and life, promote economic and trade as well as cultural and people-to-people cooperation, and facilitate the cross-border flow of various factors. Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges, said that unilateral visa-free access is very important for promoting personnel exchanges and will have a more obvious effect on promoting foreign investment. Furthermore, it will also bring a higher level and greater efficiency of freedom and convenience to activities such as trade in goods and services, transportation, capital, data and information exchange.

Openness is a distinct feature of contemporary China and a huge dividend it has released to the world today. Luigi Gambaldeira, the president of the China-Eu Digital Association, said that the visa-free policy makes it more convenient for European small and medium-sized enterprises to travel to China to participate in business, exhibitions and other activities. At a time when the global economic recovery is sluggish and protectionist tendencies are on the rise, China's continuous optimization of visa policies undoubtedly injects greater confidence and impetus into boosting the world economy and promoting economic globalization.