Skip to Content Facebook Feature Image

China's winter tourism boom ignites sharp surge in revenue

China

China

China

China's winter tourism boom ignites sharp surge in revenue

2024-12-23 17:30 Last Updated At:23:37

China's winter sports industry is rapidly growing as the ice-and-snow economy is projected to surpass a record 1 trillion yuan (137 billion U.S. dollars) by 2025, signaling vast market potential and cultural integration opportunities.

China's winter sports market is on a meteoric rise. According to the latest industry report, the scale of the country's ice-and-snow economy is expected to reach 970 billion yuan (133 billion U.S. dollars) in 2024 -- already the highest in history.

The Central Economic Work Conference held in Beijing this month set the direction for economic development in 2025, which called for efforts to cultivate new consumption growth points in many areas including the ice and snow economy.

According to a set of guidelines issued by the General Office of the State Council in November, by 2027, the facilities for ice and snow sports will be more complete, the service level will be significantly improved, ice and snow sports will be carried out more widely, and China's international competitiveness in these sports will be further enhanced.

By 2030, the role of the ice and snow economy in expanding employment and promoting high-quality development will become more prominent, and ice and snow sports consumption will become an important growth point for expanding domestic demand.

The scale of the ice and snow economy is expected to reach 1.5 trillion yuan (205.5 billion U.S. dollars) by 2030, the guidelines said.

Last year, China recorded over 385 million winter leisure visits nationwide, a year-on-year increase of 38 percent, with related revenue up 50 percent, according to China Tourism Academy.

In Harbin of northeast China's Heilongjiang Province alone, the last snow season saw over 87 million visits, up 300 percent year on year, and 124.8 billion yuan (17 billion U.S. dollars) in tourism revenue, up 500 percent. The 25th edition of the Harbin Ice-Snow World, in particular, received over 2.7 million tourists. Harbin is reputed as the "ice city" of China.

Beijing's hosting of the Winter Olympics, which spurred the engagement of over 300 million Chinese in winter sports, proved transformative. Gone are the days when only a niche northern community embraced such pursuits. Now, seniors and youngsters alike glide across ice rinks and swoosh down indoor slopes in places where real snowfall is seldom seen.

The proliferation of facilities has rendered winter sports, once an exotic and expensive pastime, more accessible than ever. Teenagers in warmer locations like Shanghai and Shenzhen now have regular training options for skating, ice hockey and other winter disciplines.

China's winter tourism boom ignites sharp surge in revenue

China's winter tourism boom ignites sharp surge in revenue

Next Article

New energy represents over 80 pct of China's new installed power generation capacity

2024-12-23 22:53 Last Updated At:23:07

China is continuing to accelerate its green energy transition while meeting the considerable power demand, with renewable energy representing over 80 percent of the country's new installed power generation capacity.

The latest data showed that China's newly installed capacity for new energy power generation reached 258 million kilowatts from January to November, accounting for 81.5 percent of the total newly installed power generation capacity.

Experts say the renewable energy expansion can be partly attributed to China's efforts to accelerate the construction of new energy bases in its western areas to promote the distribution of new energy production in the more populous central and eastern parts of the country.

"For the next step, China's new energy power generation will be both centralized and distributed. It will also be land-based and sea-based. The generated power will be transmitted to other regions and consumed locally. We will continue promoting the construction of the wind and solar power generation bases in the sandy areas, rocky areas and deserts in the shelterbelt program in the northeast, north, and northwest regions of China. We will push forward the development of the water, wind, and solar power generation bases in southwestern China and the offshore wind power generation bases in eastern China. We will work to strengthen coordination in an effort to comprehensively diversify the supply of new energy," said Rao Jianye, director of the Clean Energy Research Institute under the China Electric Power Planning and Engineering Institute.

China is also improving its new power system, keeping enhancing the system's capability for receiving and distributing new energy so as to support the country's energy transition.

As China races to construct more new energy storage projects like photothermal energy storage projects and compressed-air energy storage projects, so far, the country's new energy storage has a capacity of over 60 million kilowatts, marking a significant achievement in maintaining the stable operation of the country's power system.

By the end of July, China's total installed capacity of wind and solar power had exceeded 1.2 billion kilowatts, more than doubling the 2020 level and achieving the 2030 target six years ahead of schedule.

New energy represents over 80 pct of China's new installed power generation capacity

New energy represents over 80 pct of China's new installed power generation capacity

Recommended Articles