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China's rural tourism maintains robust growth driven by new industries, business models: official

China

China

China

China's rural tourism maintains robust growth driven by new industries, business models: official

2026-05-03 16:26 Last Updated At:05-04 01:17

China's rural tourism sector has maintained a strong growth momentum this year, highlighting new industries and business models, according to an official from the Ministry of Agriculture and Rural Affairs.

Pan Yangbin, deputy director of the ministry's Department of Rural Industry Development, said that driven by experiential tourism, the sector registered diversified consumption scenarios in the first quarter of 2026.

"Rural leisure tourism also flourished in the first quarter of this year, fostering new industries and business models such as cultural and creative markets, outdoor camping, and festival events. In particular, rural experiential tourism, highlighting local specialties, rural culture, and ecological resources, has proven highly popular, further diversifying consumption scenarios in rural areas," said Pan.

The rural tourism sector generated a revenue of over 950 billion yuan (nearly 140 billion U.S. dollars) in 2025, up 5.8 percent year on year, while villagers' annual per capita disposable income reached 40,500 yuan.

Pan said the rural leisure tourism industry will see greater opportunities during the 15th Five‑Year Plan period (2026–2030), when consumption upgrades, digital technologies and new models are expected to accelerate growth. "We will promote a range of distinctive, diverse, and premium rural itineraries, create customer-centered, culturally rich and distinctive experiential products, and encourage talented individuals from all walks of life to start businesses in rural areas, thereby generating more employment opportunities and increasing farmers' incomes," said Pan.

China's rural tourism maintains robust growth driven by new industries, business models: official

China's rural tourism maintains robust growth driven by new industries, business models: official

The United Arab Emirates' energy giant Abu Dhabi National Oil Company (ADNOC) said on Sunday it is accelerating its investment plans to award projects worth 200 billion dirhams (about 54.5 billion U.S. dollars) between 2026 and 2028 as part of its five-year capital program.

The announcement was made at the "Make it with ADNOC" forum, where the company said the move marks a new phase of expanded project execution across the energy value chain to help meet rising global demand.

ADNOC added that its future projects will help enhance the efficiency of the domestic industrial sector and boost in-country manufacturing through its "Local+" initiative, which prioritizes UAE-made products.

Established in 1971, ADNOC is fully owned by the Abu Dhabi government and ranks among the world's largest energy companies.

The announcement follows the UAE's imminent exit from the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance, effective Friday, which ended the country's nearly 60-year membership after repeated friction over production quotas.

The withdrawal, announced Tuesday by the UAE as a "sovereign, strategic choice" based on the country's long-term economic vision, is expected to free the UAE, which has an estimated output capacity of up to five million barrels per day by 2027, to adjust its production independently.

Analysts have estimated that with the UAE leaving, OPEC will lose about 15 percent of its total production capacity.

UAE's oil giant ADNOC speeds up 55-bln-USD investment drive

UAE's oil giant ADNOC speeds up 55-bln-USD investment drive

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