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Celebrations across China begin for Mid-Autumn Festival

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Celebrations across China begin for Mid-Autumn Festival

2024-09-14 17:28 Last Updated At:18:07

People across China are celebrating in diverse ways the upcoming Mid-Autumn Festival which falls on September 17 this year.

A well-preserved traditional custom, "burning a brick tower," also a national intangible cultural heritage, has been staged in Ji'an City, east China's Jiangxi Province.

Every year, people from Jiaxi Village build a tower with bricks and tiles, and fill it with straws, firewood and tree leaves. They light the fire at the bottom of the tower, and the flames pour out of the tower immediately, lighting up the sky.

Locals usually admire the moon and eat mooncakes while enjoying the fire to celebrate the festival.

"Every year, I go back to my hometown here to celebrate the Mid-Autumn Festival in the traditional way, which brings me a great sense of happiness," said Zhan Danwen, a local villager. For hundreds of years, picking fruits and vegetables has been one of the activities for Tujia ethnic people to celebrate the Mid-Autumn Festival, with a good blessing of harvest for the year.

This year in Jianshi County, Enshi Tujia and Miao Autonomous Prefecture, central China's Hubei Province, tourists joined the celebration of locals by picking eggplants, chili peppers and corns in the garden, with torches lighting the night sky.

Located in Xinzhou city in north China's Shanxi Province, the Mount Wutai Scenic Spot saw soaring numbers of tourists from Aug 22 to Sept 7, an increase of 22 percent year on year.

The Mid-Autumn Festival is a significant traditional Chinese festival celebrated on the night when the moon reaches its fullest and brightest on the 15th day of the eighth month on the Chinese lunar calendar.

During the festival, family members would come together, share mooncakes while admiring the moon, and light up lanterns to enjoy the happiness of family reunion.

Celebrations across China begin for Mid-Autumn Festival

Celebrations across China begin for Mid-Autumn Festival

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ECB cuts interest rates by 25 basis points

2025-03-07 03:04 Last Updated At:03:17

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points

ECB cuts interest rates by 25 basis points

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