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Group 1 - The domestic travel market experienced a significant surge during the recent "May Day" holiday, with inbound tourism also seeing explosive growth [1] - In Shenzhen, the number of inbound travelers increased by over 54.4% year-on-year, with 241,000 foreign visitors recorded this year [1] - The implementation of the 240-hour transit visa exemption policy has contributed to the sustained popularity of inbound tourism in Shenzhen [1] Group 2 - The Chinese government is prioritizing consumer spending to reduce reliance on external markets, with a series of policies aimed at boosting consumption [2] - In 2024, China is expected to receive 26.94 million foreign travelers, a 96% increase, with total spending by inbound tourists reaching $94.2 billion, up 77.8% [2] - Despite this growth, China's inbound tourism economy remains the lowest among major economies, consistently below 1% of GDP [2] Group 3 - Shenzhen's unique position as the only city in mainland China with land, sea, and air ports provides a distinct advantage for developing inbound consumption [3] - The city's tourism industry is continuously improving, enhancing its international recognition and positioning it for transformation into a world-class tourist destination [3]