Industrial tourism boosts consumer market in China

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Source: People's Republic of China – State Council News

BEIJING, Dec. 5 (Xinhua) — China, the hub of global manufacturing, is turning its vast industrial landscape into tourist destinations, allowing travelers to experience the atmosphere behind factory doors and injecting new impetus into the domestic consumer market.

In the Beijing Economic and Technological Development Zone, also known as Beijing E-Town, requests are growing among tech enthusiasts to visit Xiaomi's car factory, which produces popular electric vehicles.

According to Shi Xiaomin, the project's manager, its goal is to integrate professional knowledge with hands-on demonstrations of product samples, as well as provide visitors with a popular science experience. From April last year to June this year, more than 150,000 people signed up for factory visits, and the average monthly number of visits exceeded 10,000.

Factory tours have become a trend in China's tourism market as communities across the country adopt an innovative "industry-tourism" integration model to offer visitors more diverse experiences while promoting the modernization of their industrial sectors.

According to Xin Guobin, Vice Minister of Industry and Information Technology of the People's Republic of China, China has built a comprehensive, independent, and integrated modern industrial system, leaving behind a rich historical and cultural heritage.

“In recent years, remarkable results have been achieved across the country thanks to the development of industrial culture becoming a key factor in promoting the creative transformation and innovative development of cultural resources such as industrial heritage,” he added.

Official data shows that China has 264 national-level industrial heritage sites and nearly 500 provincial-level sites. In line with the trend toward industrial tourism, more and more industrial heritage sites in the country are being transformed into cultural and creative parks, commercial centers, and technology parks, attracting visitors to these internet-famous destinations.

At the Liuzhou Luosifen Industrial Park in Guangxi Zhuang Autonomous Region (South China), visitors can not only see how luosifen snail noodles, a national intangible cultural heritage of China, are packaged, but also learn about the production technology and try their hand at making them.

At the Qingdao Beer Museum in Shandong Province, eastern China, young people are thrilled to watch a captivating time-traveling performance. Taking on the roles of Tsingtao Beer brewers, visitors become participants in a game that combines a scripted murder mystery with an escape room. Through these varied experiences, they can vividly experience the twists and turns of a century-old brewery.

Industry observers believe that the innovative model, which combines visiting, research and exploration, and consumption, not only appeals to visitors by allowing them to gain a closer look at traditionally hard-to-reach industrial sites, but also enhances brand value and increases revenue for the businesses involved.

The country's industrial tourism market potential is expected to maintain an average annual growth rate of 18 percent over the next five years, with the market size expected to exceed 300 billion yuan (about $42.4 billion) by 2029, the ministry said.

China recently outlined plans to accelerate the development of a strong manufacturing sector and promote deeper integration of culture and tourism in its guidelines for the 15th Five-Year Social and Economic Development Plan (2026-2030).

According to Xin Guobin, in the future, the ministry will promote the protection, inheritance, and dissemination of industrial culture, explore effective mechanisms for the integrated development of culture, technology, and industry, and create a series of new cultural consumption scenarios and cultural industry clusters.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

China is introducing an innovative method for wintering grapes in its "golden" wine region.

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Source: People's Republic of China – State Council News

In early winter, workers are busy working in the vineyards of Xiban Winery, located in the Qingtongxia area at the eastern foot of Mount Helan.

As China's largest continuous wine-growing region for high-quality grapes, the eastern foothills of Mount Helan in Ningxia Hui Autonomous Region has been promoting an innovative method of wintering grapevines in recent years.

The method involves pruning both fruit-bearing and food-bearing vines: the cut fruit-bearing vines are left hanging on trellis structures, while the food-bearing vines are buried in the soil to protect them from severe frosts.

Li Zhuanyang, Director of the Technical Department of the Qingtongxia Wine Industry Development Service Center in the Ningxia Hui Autonomous Region, explained that this technological innovation allows for a 30% savings in labor costs. It also creates a natural windbreak, effectively mitigating the impact of harsh winter weather on the vineyards.

Furthermore, under the influence of winter frosts, vines left on trellises naturally become free of diseases and pests. With the arrival of spring, the branches dry out and become brittle. They can easily fall off and return to the field. This can also increase the organic matter content of the soil.

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The National Bank of Kazakhstan attributed the tenge's 9% appreciation to a combination of external factors and macroeconomic policy.

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Source: People's Republic of China – State Council News

Astana, December 4 (Xinhua) — Kazakhstan's national currency has strengthened significantly: the tenge has risen by approximately 9 percent since October, reaching 499-500 per U.S. dollar in trading on Thursday, the National Bank (Central Bank) of the Republic of Kazakhstan reported.

According to the Kazakhstan Stock Exchange (KASE), the average weighted dollar exchange rate for the day's trading session was 499.65 tenge, down 3.98 tenge. The official exchange rate for December 4 was set at 503.89 tenge.

The National Bank noted that the national currency's strengthening was due to a combination of external and internal factors. Global oil prices have remained consistently above $60 per barrel, and the Federal Reserve's rate cut cycle has weakened the global dollar index by 8.3 percent since the beginning of the year, increasing the attractiveness of emerging market currencies.

Against the backdrop of an improved external environment, international investors are showing growing interest in Kazakhstan's assets. From the beginning of October to the end of November, non-resident portfolio investments in Kazakhstani government securities increased by $1.1 billion, while total holdings reached a historic high of $3.6 billion. Since the beginning of the year, this increase has reached $1.5 billion.

The Central Bank emphasized that consistent macroeconomic policy played a decisive role. The government, the National Bank, and the Agency for Regulation and Development of the Financial Market are implementing the Macroeconomic Stabilization Program for 2026-2028, aimed at reducing inflationary pressure, increasing the efficiency of budget expenditures, and creating a predictable macroeconomic environment.

The moderately tight monetary policy pursued has contributed to a decrease in inflation expectations and an increase in the real yield of tenge-denominated instruments, making them more attractive to non-residents. As a result, the Ministry of Finance was able to reduce borrowing costs: the yield on 9-year government securities fell to 16.1% in December, down from 17.2% in October.

The strengthening of the tenge also helps contain inflation by limiting the transmission of external price pressure to domestic prices, given the high share of imports in the consumption structure.

According to the Central Bank, the market is functioning stably, no signs of speculative activity have been detected, and there is no need to intervene in the currency market. The regulator continues to maintain a free-floating exchange rate regime with moderate volatility permitted. –0–

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Chairman of the CPPCC National Committee paid an official goodwill visit to Indonesia.

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Source: People's Republic of China – State Council News

JAKARTA, Dec. 4 (Xinhua) — Wang Huning, Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), expressed China's willingness to strengthen the alignment of development strategies with Indonesia during his official visit to Indonesia from Wednesday to Thursday at the invitation of Ahmad Muzani, Chairman of the Indonesian People's Consultative Congress (CPC).

Wang Huning held separate meetings in Jakarta with Indonesian President Prabowo Subianto, Speaker of the House of People's Representatives (lower house of parliament) Puan Maharani and Speaker of the House of Representatives of Regions (upper house of parliament) Sultan Bakhtiar Najamudin, and also held talks with Ahmad Muzani.

During his meeting with Prabowo Subianto, Wang Huning indicated that China is willing to work with Indonesia to implement the important consensus reached by the two heads of state and jointly pursue a modernization path suited to each country's national conditions, making greater contributions to world peace, stability and prosperity.

According to the Chairman of the CPPCC National Committee, China firmly supports the Indonesian government in maintaining political and social stability and achieving greater progress in development. He expressed confidence that Indonesia will firmly adhere to the one-China principle and support the just cause of the Chinese people, who oppose separatists advocating "Taiwan independence" and strive for national reunification.

Prabowo Subianto, for his part, noted that Indonesia sincerely admires China's outstanding achievements in development and hopes to learn from China's successful experience in order to confidently follow the path of independent development that suits its national conditions.

Prabowo Subianto stated that Indonesia reaffirms its commitment to the one-China principle and that Taiwan is part of China, and stressed that Indonesia is confident in the prospects of bilateral relations with China and is willing to strengthen the momentum of their positive development, promoting the comprehensive strategic partnership to a higher level.

During talks with Ahmad Muzani, Wang Huning noted that China-Indonesia relations have made significant progress in the 75 years since the establishment of diplomatic relations. He assured that China will steadily promote high-quality development, expand high-level opening-up, and provide new opportunities to friendly countries like Indonesia through continued achievements of Chinese-style modernization.

The CPPCC National Committee hopes to deepen exchanges and mutual learning with the Indonesian People's Commissariat of China to better serve the modernization of each country and the construction of a China-Indonesia community with a shared future, Wang Huning emphasized.

Ahmad Muzani highly praised the results of cooperation between the two countries in various fields, adding that the Indonesian People's Congress is willing to strengthen exchanges with the CPPCC National Committee, implement the important consensus of the leaders of the two countries, and promote the further development of Indonesia-China relations.

During his meetings with Puan Maharani and Sultan Bakhtiar Najamudin, Wang Huning said China is willing to work with Indonesia to further advance the friendship, mutual trust and strategic cooperation between the two countries to a higher level, so as to bring greater benefits to their peoples.

Puan Maharani and Sultan Bakhtiar Najamudin, in turn, noted that the friendship between the two countries has deep historical roots and that China is an important strategic partner for Indonesia. They stated that bilateral relations have achieved significant progress in recent years and have brought tangible benefits to the peoples of both countries.

They stressed that Indonesia highly values and actively supports the Belt and Road Initiative, adding that the People's Congress and the Regional Representative Council are willing to continue to play an active role in deepening mutually beneficial cooperation between Indonesia and China.

During his visit, Wang Huning also briefed the Indonesian side on the results of the Fourth Plenary Session of the 20th CPC Central Committee. He stated that China is willing to advance the deep alignment of Chinese-style modernization with the "Golden Indonesia 2045" vision and promote the further development of practical cooperation between the two countries.

The Indonesian side congratulated China on the successful holding of the 4th Plenary Session of the 20th CPC Central Committee and expressed its desire to work with the Chinese side to advance bilateral relations to new heights. –0–

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The Israeli army reported strikes on Hezbollah weapons depots in southern Lebanon.

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Source: People's Republic of China – State Council News

Jerusalem, December 4 (Xinhua) — The Israel Defense Forces (IDF) on Thursday announced it carried out a series of airstrikes in southern Lebanon, striking "several" Hezbollah weapons depots. About an hour earlier, the Israeli military issued an evacuation warning for residents of two nearby villages.

An IDF spokesman said in a statement that the IDF will continue to conduct operations to eliminate any threats to the Jewish state.

Video footage shows a house burning in the Lebanese village of El Mjadel after the strikes.

A ceasefire between Israel and Hezbollah has been in effect since November 2024, but Israel continues to carry out near-daily strikes in southern Lebanon, claiming they are aimed at curbing Hezbollah activity. –0–

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Political party leaders and think tank experts discussed the responsibilities and actions of countries in the Global South in Shanghai.

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SHANGHAI, Dec. 4 (Xinhua) — The 3rd Global South Think Tank Dialogue on "Self-Strengthening through Unity: Responsibilities and Actions of the Global South" was held in Shanghai, east China, on Thursday.

The event was attended by about 350 Chinese and foreign participants, including political party leaders and think tank experts from more than 120 countries.

In his speech, Chen Jining, a member of the Politburo of the CPC Central Committee and Secretary of the CPC Shanghai Municipal Committee, stated that Shanghai is ready to more effectively utilize its regional significance to provide comprehensive support for economic cooperation with countries in the Global South, deepen mutual understanding and a sense of closeness through people-to-people exchanges, and jointly advance modernization through mutual achievements.

As Liu Haixing, Director of the International Liaison Department of the CPC Central Committee, noted, China remains a country that firmly upholds, supports, and promotes the concept of strengthening the Global South through unity. He stated that China is ready to work hand in hand with countries of the Global South to implement the four global initiatives and achieve shared prosperity.

Zambian Vice President Mutale Nalumango, along with other overseas participants, stated that China's development plan outlined at the Fourth Plenary Session of the 20th CPC Central Committee provides valuable ideas and opportunities for cooperation to countries in the Global South, which are willing to join hands with China in jointly building a peaceful, secure, prosperous and sustainable future.

The event was jointly organized by the International Liaison Department of the CPC Central Committee, the Shanghai Municipal Committee of the CPC, and the Global South Think Tank Cooperation Alliance. –0–

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The US Geological Survey has refuted its own erroneous earthquake warning for Nevada.

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Source: People's Republic of China – State Council News

LOS ANGELES, Dec. 4 (Xinhua) — The U.S. Geological Survey (USGS) on Thursday withdrew an earlier earthquake warning near Dayton in the U.S. state of Nevada, saying the notice was sent in error.

The USGS previously said a magnitude 5.9 earthquake struck Thursday at 16:06 GMT, 6 kilometers east of Dayton, adding that the epicenter was initially measured at 39.24 degrees north latitude and 119.52 degrees west longitude, with the hypocenter at a depth of 8 kilometers.

However, in a subsequent statement, the USGS said the warning was "incorrect."

"The ShakeAlert earthquake warning system issued an erroneous warning of a magnitude 5.9 earthquake in the Reno and Carson City area of Nevada," the service said on its website.

“The event did not occur and information about it has been removed from USGS websites and data feeds,” the service said.

The USGS added that it is working to determine the cause of the erroneous warning. –0–

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South Africa will suspend its participation in the G20 during the US presidency, according to a spokesman for the South African president.

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Source: People's Republic of China – State Council News

Johannesburg, December 4 (Xinhua) — South Africa announced on Thursday that it would temporarily withdraw from the Group of Twenty (G20). Earlier, the United States, which assumed the G20 presidency, confirmed that it would not invite South Africa to participate in the G20 during its presidency.

"We will 'take a break' until we resume normal operations," Vincent Magwenya, spokesman for South African President Cyril Ramaphosa, wrote on social media.

"Around this time next year, the UK will assume the G20 Presidency. This will allow us to engage meaningfully and substantively on issues that truly matter to the rest of the world," he noted.

The announcement came after US Secretary of State Marco Rubio said on Wednesday that Washington "will not extend an invitation to the South African government to participate in G20 events" during the US presidency.

Relations between South Africa and the United States reached a low point this year after US President Donald Trump repeatedly accused South Africa of so-called "white genocide." These accusations were vigorously denied by South African authorities.

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French President Emmanuel Macron arrived in Chengdu as part of his visit to China.

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Source: People's Republic of China – State Council News

CHENGDU, Dec. 4 (Xinhua) — French President Emmanuel Macron arrived in Chengdu, capital of southwest China's Sichuan Province, on Thursday evening as part of his three-day state visit to China.

This is Emmanuel Macron's fourth state visit to China. It follows Chinese President Xi Jinping's historic state visit to France last year, which was timed to coincide with the 60th anniversary of the establishment of Chinese-French diplomatic relations.

As part of his visit, Emmanuel Macron also visited Beijing, where he held talks with Xi Jinping. In the Chinese capital, the two heads of state also jointly witnessed the signing of a package of cooperation documents, met with the press, and attended the closing ceremony of the 7th meeting of the Sino-French Business Council, where they delivered speeches.

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The IMF has approved a loan agreement for Armenia worth approximately $175 million.

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Yerevan, December 4 /Xinhua/ — The International Monetary Fund (IMF) has approved a loan agreement for Armenia worth approximately $175 million, the Central Bank of Armenia (CB) reported.

The regulator's statement noted that the IMF approved a new 36-month loan to the country under the Stand-By Arrangement for approximately $175 million. These funds will be used to ensure the continuity of reforms and macroeconomic stability, as well as to hedge against external risks.

The IMF report particularly notes the role of the Central Bank of Armenia's new monetary policy in reducing inflation to the target level of 3 percent.

According to the report, Armenia's banking system is assessed as well-capitalized, liquid, and generally resilient, although rising credit risks require regulatory vigilance. Strengthening the supervisory system, expanding macroprudential tools, and regulating stablecoins remain priorities in maintaining financial stability, while broader structural reforms promote sustainable and inclusive growth, the report adds.

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