China winter sports sector zooms along despite climate risk ahead

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HARBIN: Packed slopes, plush turtle butt pads and 11-dollar passes: this is low-cost skiing in China, where winter sports are on a government-greased track to take in a projected $137 billion this year.The trend is bucking the sluggish consumption seen elsewhere in China’s post-Covid economy — though experts warn climate change and other environmental concerns could risk wiping out some of those gains further down the trail.

President Xi Jinping has dubbed the ski industry a “mountain of gold and silver” and worked to position China as a winter…



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China winter sports sector zooms along despite climate risk ahead



HARBIN: Packed slopes, plush turtle butt pads and 11-dollar passes: this is low-cost skiing in China, where winter sports are on a government-greased track to take in a projected $137 billion this year.The trend is bucking the sluggish consumption seen elsewhere in China’s post-Covid economy — though experts warn climate change and other environmental concerns could risk wiping out some of those gains further down the trail.

President Xi Jinping has dubbed the ski industry a “mountain of gold and silver” and worked to position China as a winter…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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