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Cultural event in northwest China's Shaanxi boosts local rural economy

China

Cultural event in northwest China's Shaanxi boosts local rural economy
China

China

Cultural event in northwest China's Shaanxi boosts local rural economy

2025-08-04 16:54 Last Updated At:08-05 00:27

The "Rural Talent Avenue" cultural event held recently in Ningshan County in northwest China's Shaanxi Province enabled villagers to promote their local culture through performances and night markets, boosting the local economy.

On stage, performers showcased local agricultural culture, heritage items, and traditional customs. The show also integrated elements of intangible cultural heritage and promoted cultural tourism resources.

The performers on stage gave their all, while the audience banged household pots, pans, and dishes to show their appreciation for the performances.

"This program was well-organized, festive, and very down-to-earth," said one spectator.

Not far from the stage, over 100 stalls were neatly arranged at the night market, offering abundant specialty foods that filled the air with enticing aromas. The exciting performances and engaging interactive games kept visitors thoroughly entertained.

"We brought our children here, and they really enjoyed it. The activities, dining, and lodging here were excellent," said a tourist.

By the end of July, Ningshan County had received nearly one million visitors in 2025, up 38 percent compared to the same period in the previous year. Tourism spending reached 445 million yuan (about 61.7 million U.S. dollars), marking a 41.9 percent year-on-year increase.

Cultural event in northwest China's Shaanxi boosts local rural economy

Cultural event in northwest China's Shaanxi boosts local rural economy

The People's Bank of China launched on Friday a 500-billion-yuan (about 73.8-billion-U.S.-dollar) outright reverse repo operation through a fixed-quantity, interest rate bidding and multi-price winning bid method, in efforts to maintain ample liquidity in the country's banking system.

The winning bids of the operation are determined at various price levels. It will have a term of three months, or 92 days, with a maturity date set for Sept. 5, according to the central bank.

Outright reverse repo operations -- a tool the central bank introduced in October 2024 to manage liquidity in the national banking system -- are conducted each month with a term of no more than one year.

These operations have enriched the country's monetary policy toolkit, complementing previous measures such as temporary repos, temporary reverse repos, and the purchase and sale of treasury bonds.

China's central bank conducts 500-bln-yuan outright reverse repo operation

China's central bank conducts 500-bln-yuan outright reverse repo operation

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