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Fifth China (Ningxia) International Wine Culture and Tourism Expo opens

China

China

China

Fifth China (Ningxia) International Wine Culture and Tourism Expo opens

2025-06-09 21:41 Last Updated At:22:07

The Fifth China (Ningxia) International Wine Culture and Tourism Expo opened on Monday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region.

The four-day event has attracted over 1,100 domestic and international guests, featuring 14 activities such as a winery and wine exhibition, an innovation competition, and an art biennial.

Ningxia boasts a unique terroir for making high-end wine, thanks to its prolonged sunshine and a cool, dry climate aiding the cultivation of grapes.

After four decades of development, Ningxia has become China's largest wine-producing region.

By the end of 2024, Ningxia had more than 40,000 hectares of wine grape plantations, which accounted for nearly 40 percent of the total nationwide, and an annual wine output of 140 million bottles. Its wines are exported to over 40 countries and regions.

Fifth China (Ningxia) International Wine Culture and Tourism Expo opens

Fifth China (Ningxia) International Wine Culture and Tourism Expo opens

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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