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Sea dragon boat race electrifies Shenzhen ahead of Dragon Boat Festival

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China

Sea dragon boat race electrifies Shenzhen ahead of Dragon Boat Festival

2024-06-08 23:19 Last Updated At:06-09 03:17

Moon Bay in Shenzhen, south China's Guangdong Province was buzzing with excitement on Friday as 30 teams from the Guangdong-Hong Kong-Macao Greater Bay Area competed in a vibrant sea dragon boat race, in order to celebrate the upcoming Dragon Boat Festival, which falls on June 10 this year.

With a blast from the referee's whistle, the race commenced. Drums roared, and paddles churned the water as dragon boats surged forward, racing towards the finish line amid cheers and encouragement from the thrilled spectators.

With his kindergarten-aged son on his shoulders, a father shared his motivation for attending: "He has never seen this before, so I brought him to widen his horizons."

Yuan Quan, a participant from the Hong Kong Special Administrative Region team, expressed the event's cultural appeal.

"We are indeed an international team, with players from many countries. Our friends from different nations are interested in both the dragon boat culture and Chinese culture," said Yuan.

Sea dragon boat races, influenced by wind and waves, challenge participants' stamina, endurance, balance, and teamwork more than river races.

The championship was clinched by a team from Shenzhen's Longhua District, who demonstrated exceptional teamwork and skill.

In addition to the races, the festival featured performances of local intangible cultural heritage, including the Nan'ao fisherman's wedding. In this vibrant, 400-year-old tradition, fishermen celebrate with songs, flags, and firecrackers the night before the bride is welcomed aboard.

The festivities provided local residents and tourists with a rich and colorful holiday experience.

The Dragon Boat Festival, or Duanwu Festival, celebrated on the fifth day of the fifth month of the Chinese lunar calendar, honors the ancient Chinese poet Qu Yuan of the Warring States Period (475-221 BC). It has become a national holiday characterized by eating Zongzi, a pyramid-shaped dumpling made of glutinous rice wrapped in bamboo or reed leaves and enjoying dragon boat races.

Sea dragon boat race electrifies Shenzhen ahead of Dragon Boat Festival

Sea dragon boat race electrifies Shenzhen ahead of Dragon Boat Festival

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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