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Lake diving event in Wuhan draws young people, boosts summer economy

China

China

China

Lake diving event in Wuhan draws young people, boosts summer economy

2025-08-10 16:46 Last Updated At:17:07

A lake diving event and festival in Wuhan, central China's Hubei Province, attracted crowds of young people on Saturday, showcasing the city's youthful charm and enthusiasm for summertime.

Alongside plentiful food and beverage stalls, the festival kept attendees entertained and active with live music and fitness-friendly activities, including balance boarding and cycling.

The main attraction, the lake diving event, proved overwhelmingly popular, with all 500 available spots sold out within minutes after registration opened.

"Wuhan residents like to swim in the lake in summer. I've made full preparation today. All I need to do is to jump high and dive hard into the lake," said Zhou Yunkai, a local resident.

Held for 14 consecutive years, the festival drew more than 10,000 visitors this year. Its diversified offerings helped drive the vitality of Wuhan's summer economy.

"We come here every year, because 'Share Eastlake' is an iconic and vibrant event here in Wuhan. You can feel the city's generous hospitality and the youthful energy here," said Wu Hui, another local resident.

Lake diving event in Wuhan draws young people, boosts summer economy

Lake diving event in Wuhan draws young people, boosts summer economy

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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