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CMG holds 4th rehearsal for 2025 Spring Festival Gala

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CMG holds 4th rehearsal for 2025 Spring Festival Gala

2025-01-22 19:55 Last Updated At:22:07

China Media Group held the fourth rehearsal for the 2025 Spring Festival Gala on Wednesday to further hone the widely anticipated grand show on the eve of the Chinese Lunar New Year.

The rehearsal featured singing, dancing, and traditional operas, with the performers fully prepared and delivering outstanding performances. The organization of the gala was meticulously refined and more smoothly coordinated. The entire atmosphere of the gala rehearsal was infused with joy, laughter, and a vibrant Spring Festival spirit.

Highlights of the gala included a song on the endeavors of Chinese modernization performed by grassroots workers, a heartwarming song accompanied by touching visual effects, and traditional Chinese operas presented by both renowned artists and young apprentices.

In addition to the main venue in Beijing, four locations across China, namely Chongqing Municipality, Wuhan of Hubei Province, Lhasa of Xizang Autonomous Region, and Wuxi of Jiangsu Province, will host sub-venues, offering a vibrant and diverse cultural feast for the audience.

The gala, also known as "Chunwan" in Chinese, has been broadcast live annually since 1983, and has been seen as a major cultural symbol for the traditional Lunar New Year celebrations in China.

This year's event will be aired on Jan 28, the eve of the Chinese Lunar New Year. It will also be the first edition since Spring Festival's successful inclusion on UNESCO's Representative List of the Intangible Cultural Heritage of Humanity.

CMG holds 4th rehearsal for 2025 Spring Festival Gala

CMG holds 4th rehearsal for 2025 Spring Festival Gala

CMG holds 4th rehearsal for 2025 Spring Festival Gala

CMG holds 4th rehearsal for 2025 Spring Festival Gala

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India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

2025-02-09 17:03 Last Updated At:17:37

India's central bank, the Reserve Bank of India (RBI), on Friday announced a reduction in repo rate by 25 basis points to 6.25 percent.

The repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds.

The move has been undertaken to boost the economy.

RBI Monetary Policy Committee (MPC) last reduced the repo rate in May 2020 and kept it unchanged in the last 11 policy meetings.

After assessing the current and evolving macroeconomic situation, the MPC unanimously decided to reduce the policy repo rate under the liquidity adjustment facility by 25 basis points to 6.25 percent with immediate effect, said a statement issued by the RBI.

Consequently, the standing deposit facility rate shall stand adjusted to 6.00 percent and the marginal standing facility rate and the Bank Rate to 6.50 percent. The MPC also decided to continue with the neutral monetary policy stance and remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth.

According to the RBI, these decisions are in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4 percent within a band of plus and minus 2 percent, while supporting growth.

According to the National Statistical Office (NSO), India's GDP is estimated to grow at 6.4 percent for the financial year 2024-25, compared to the initially-projected 7.2 percent in October last year.

India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

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