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Winter fishing in northeast China's Chagan Lake boosts local economy

China

China

China

Winter fishing in northeast China's Chagan Lake boosts local economy

2024-12-29 19:08 Last Updated At:19:37

The winter fishing tradition at Chagan Lake in northeast China's Songyuan City has become a significant economic driver for the local community, with a thriving market driven by fish sales, restaurant bookings, and nationwide deliveries.

In a time-honored tradition, residents near the lake continue to practice the ancient art of ice fishing, where they manually drill holes through the frozen surface and cast nets beneath the icy depths to reel in their catch.

The ice-fishing season, which typically starts in mid-December and lasts through February, has been recognized as a national intangible cultural heritage. "Our trawl nets have a mesh size of about four to five cun (around 13-17 centimeters), allowing fish weighing under two to three jin (about 1 to 1.5 kilograms) to escape. This ensures that only larger fish are caught. This year, we're catching even bigger fish than in previous years, with many weighing over 20 jin (about 10 kilograms)," said Chen Jie, the head fisherman.

The cultural significance of fish as a symbol of wealth in Chinese culture has turned the areas around Chagan Lake into a tourist hub, with visitors eager to explore the local fishing heritage and savor the freshest catches in traditional dishes. "The most important thing for us here is to try the fish. I hope that after eating it, we'll have abundance year after year and be blessed with good fortune," said Chen Changsheng, a tourist from Shanghai.

The influx of visitors during the winter fishing season has significantly boosted revenue for local restaurants.

"We've pre-purchased at least 150,000 yuan to 200,000 yuan (about 21,000 to 27,000 U.S. dollars) worth of fish in anticipation of visitors during the winter fishing season. The highest single-day turnover reached nearly 50,000 yuan (about 6850 U.S. dollars) during last year's peak season," said Qu Lijie, a local restaurant owner.

For those unable to visit in person, freshly caught fish from the lake can still be ordered online and delivered directly to customers' doorsteps.

Now delivery hubs in the region are operating around the clock to meet the overwhelming demand for orders.

"Orders this year have so far increased by about 20 percent year-on-year. Supporting the local winter fishing economy creates a win-win situation, driving our own business growth," said Wu Shuai, head of Songyang Area of the SF Express.

To further capitalize on the region's abundant fishery resources and winter fishing tradition, the 23rd Ice and Snow Fishing and Hunting Cultural Tourism Festival is currently underway in Songyuan. The event, which kicked off on Saturday, offers a feast of delicious food, stunning sights, and exciting activities, welcoming visitors from all over.

"They are giving facilities to the people to come here and enjoy. It's a beautiful festival," shared Tayyab Murtaza, a Pakistani student.

"I would like to play snow-wall soccer. Also, I tried ice monkey. This game was super fun. So, yeah, I've been enjoying it," said Brianna Karioki, a student from the U.S.

Winter fishing in northeast China's Chagan Lake boosts local economy

Winter fishing in northeast China's Chagan Lake boosts local economy

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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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