Prominent American investor highlights trade, cultural exchanges between China, U.S.

Jim Rogers, a prominent American investor, emphasized the importance of trade and people-to-people exchanges between China and the United States, highlighting the mutual benefits that closer bilateral cooperation can bring.

Chinese President Xi Jinping on Saturday met with U.S. President Joe Biden on the sidelines of the 31st APEC Economic Leaders' Meeting in Lima, Peru, with both sides highlighting trade ties and people-to-people exchanges.

In an interview with China Global Television Network (CGTN), Jim Rogers, chairman of Rogers Holdings in Singapore, highlighted the benefits of closer trade ties between China and the U.S., noting that the past three decades or so have shown how collaboration between the two countries has led to mutual prosperity.

"For the past 30 or 35 years, China and the U.S. have been working together. Things have been good; both countries have made much more money, and both countries have been prospering and succeeding. Both countries got much, much more prosperous [prosperity]. I hope that will continue. Trade wars are not good for anybody, and trade wars sometimes lead to worse. So I would hope that China and America would reduce tariffs, open their borders and have even more trade of everything," said Rogers.

He also stressed the importance of people-to-people exchanges between the two countries, saying that such interactions can play a key role in dispelling misperceptions.

"Whenever you have people-to-people exchanges, everybody learns something. Maybe they won't learn to speak English or learn to speak Chinese, but they will learn. People realize there's a lot to see in China, so there are great opportunities for people-to-people exchanges, travel exchanges, tourism, educational exchanges. All sorts of crazy things are said, but if you go there, you see they're wonderful; the Chinese are wonderful people. I wanted my children to know Asia, and I wanted my children to speak Mandarin. It worked, and now we all love China and they speak Mandarin," said Rogers.

Prominent American investor highlights trade, cultural exchanges between China, U.S.

Prominent American investor highlights trade, cultural exchanges between China, U.S.

Homegrown snow gear and facilities are now helping resorts across China provide better services to skiers who are expecting domestic brands to roll out more high-quality and thoughtful products that fit better with habits of Asian users.

The rising demand of Chinese skiers is boosted by a growing market with industry reports predicting that the country's ice and snow economy will surpass 1 trillion yuan (about 140 billion U.S. dollars) by 2025.

Since hitting the slope is no longer a niche sport, resorts across China receive an increasing influx of snow enthusiasts. In particular, the Beidahu Ski Resort, one of the best destinations for skiers in northeast China's Jilin Province, is welcoming up to 10,000 snow enthusiasts daily.

Eleven of the 13 cable cars in the resort were designed and produced in China. Running six meters per second, it takes only 12 minutes for them to carry the skiers up to the mountaintop.

"As wind resistance and speed of the cable cars were significantly improved, their quality almost matches the imported products," said Yan Shuai, marketing director of the Beidahu Ski Resort.

Homegrown snowboards made with carbon fiber and protective gear featuring high-tech fabrics are also winning Chinese customers' favor and many of the updated goods are specially designed for Asian users.

"The ski goggle has three layers of sponge padding, which help it fit better with the faces of Asian users and effectively minimize lens fogging during skiing," said Jia Xiaona, a store manager.

As winter sports become increasingly popular in China, domestic brands are receiving increasing anticipation from skiers who believe that it is quality that will finally help homegrown products to win over customers.

"I think many snowboarders feel that Chinese brands need to deliver standout performance to truly impress. Once they do, confidence in these brands will certainly grow. I think the shift will take some time, because we have relied on imported snowboards for so many years," said Li Jiongxuan, a snowboarder from north China's Tianjin Municipality.

Homegrown snow gear, facilities help improve skiing experience in China