China Development Forum 2025 opens in Beijing with record int'l participation

This year's two-day China Development Forum kicked off at the Diaoyutai State Guesthouse in Beijing on Sunday, attracting over 100 foreign guests to delve into topics that include macroeconomic policy, reforms and boosting consumption.

The number of multinational companies attending the forum for the first time reached a new high.

Themed "Unleashing Development Momentum for Stable Growth of Global Economy", the forum features 12 symposiums and several closed-door sessions.

The participants will explore key issues including the development of new quality productive forces, AI innovations, green development, and new trends in economic globalization.

Addressing the forum, Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said China welcomes foreign investors to share the dividends of China's development.

"In recent years, we have turned pressure into motivation, achieving positive progress in promoting technological self-reliance and advancement. We will continue to focus on technology-driven and innovation-driven development, and take measures tailed to local conditions to develop new quality productive forces. We are committed to actively advancing emerging industries, fostering future industries, and using digital, green, and AI technologies to transform and upgrade traditional sectors. Recently, we've seen many international investors showing confidence in China's economy and assets. We sincerely welcome international capital to return to China, boost investments, and share the dividends of China's development," said Han.

The forum has gathered 86 official delegates of multinational companies from 21 countries.

The China Development Forum, sponsored by the Development Research Center of the State Council and organized by the China Development Research Foundation, has become a key platform for dialog and cooperation between China and the rest of the world since its inception in 2000.

China Development Forum 2025 opens in Beijing with record int'l participation

China Development Forum 2025 opens in Beijing with record int'l participation

China Development Forum 2025 opens in Beijing with record int'l participation

China Development Forum 2025 opens in Beijing with record int'l participation

South China's Guangdong is seeing a surge in winter tourism, as visitors from around the world flock to the province, drawn by its mild climate, supportive travel policies, and increasingly diverse tourism experiences.

One of Guangdong's most popular winter attractions is its hot springs. Just an hour's drive from Guangzhou city proper, Conghua District is home to what are known as the "rare hot springs", naturally rich in radon, which is believed to offer health benefits. For many visitors, these natural, mineral-rich waters provide a welcome escape from colder temperatures.

Guangdong is home to many hot spring resorts. And the business model is clearly evolving. They are not just selling the views, they are selling the whole experience.

Dusit Devarana Hot Springs and Spa is China's first hot spring joint venture, backed by state-owned investors and run by a premium resort group from Thailand.

"It's peaceful, the air is clear, the water is nice — it feels like Southeast Asia," said Mrs. Ye, a tourist in the resort.

That Southeast Asian influence is evident in both the service and the Northern Thai-style architecture, with custom-made decorations imported straight from the Land of Smiles.

For travel agencies, a warm winter is reshaping demand — with families and group travel leading the way.

Tourists now prefer hotels with shared spaces for gatherings, said Che Qianhui, marketing director of local travel agency Day Day Holiday. Government consumption vouchers are also driving demand, Che said. The top voucher offers 300 yuan off a 1,500-yuan purchase, including some hotels — and they're usually snapped up within five minutes, she added.

The resort is expected to receive large crowds during the upcoming Spring Festival, which falls on February 17, 2026.

"During the Spring Festival, we expect occupancy between 90 and 100 percent. Over the New Year holiday, our rooms were fully booked, with more than 700 visitors to the hot springs every day. We've added family activities and cultural experience offerings, moving beyond a simple health retreat. About 70 percent of new revenue now comes from regions north of the Yangtze River in China, and there are also international visitors from Europe, the Middle East, and Africa," said Shao Yingda, general manager of Dusit Devarana Hot Springs and Spa in Conghua.

To attract more tourists, Guangdong has issued 20 million yuan (2.9 million U.S. dollars) in vouchers. The wider ripple effect could generate around 200 million yuan in total economic activity.

However, vouchers and promotions can only go so far. Across China — and around the world — traditional tourism destinations face the same challenge: how to stay fresh, stand out from similar offerings, and remain competitive over time. That puts the focus on policy design, sustainability, and how to attract international visitors.

"Globally, when per capita GDP surpasses 10,000 U.S. dollars, it enters a leisure stage. Yet many tourism products still focus on traditional sightseeing. International tourists cannot simply be seen as an extension of domestic travelers. Domestic and international travelers have different needs, and destinations must offer customized, in-depth experiences to compete globally," said Li Yaoqi, professor and director of the Cultural and Tourism Consumption Research Center of Sun Yat-sen University.

With growing policy support for both domestic and international travel, this winter is shaping up to be more than just a seasonal getaway. It's also a test of how tourism adapts to changing demand.

Mild climate, policy support, new experiences attract more tourists worldwide to Guangdong