Was the China Travel Service officially canceled in 1953?

In 1953, the China Travel Service was officially cancelled. According to relevant information, in August 1923, with the approval of the Ministry of Communications at that time, Chen Guangfu, general manager of Shanghai Commercial and Savings Bank, established the Travel Department within his bank. Responsible for handling tourism business, this is the first travel agency run by Chinese and carries out short-distance tourism business. In the spring of 1924, the travel agency organized the first batch of cherry blossom viewing groups to travel abroad to Japan. With the development of business, in July 1927, the travel department was separated from the bank and officially established the China Travel Service with the purpose of "promoting the country's glory and serving travel". From its establishment until its end in 1953, its extraordinary journey of nearly 30 years left behind valuable ideas and rich experiences in serving the society for future generations, which are worthy of reference and imitation by future generations.