The concept of \"lucid waters and lush mountains are invaluable assets\" has evolved to include \"snow and ice are also valuable assets,\" reflecting the enriched connotation of the \"Two Mountains\" theory. This evolution has paved the way for the development of China's ice and snow economy, charting a critical direction for sustainable growth.
The ice and snow economy is emerging as a significant driver of high-quality development in Northeast China, opening new avenues for regional economic expansion. This sector not only contributes to environmental sustainability but also promotes tourism, sports, and related industries, enhancing the overall economic landscape.
However, the burgeoning ice and snow economy faces several challenges. Financing difficulties and high operational costs present substantial hurdles for businesses operating in this sector. These challenges threaten to impede the rapid growth and potential of the industry.
In response, the financial sector plays a pivotal role in facilitating the expansion of the ice and snow economy. By innovating service models tailored to the unique characteristics of this industry and strengthening monetary support, financial institutions can help overcome the existing barriers. Enhanced financial support will accelerate the development of the ice and snow economy, ensuring its sustained growth and positive impact on the regional economy.
As the ice and snow economy continues to gain momentum, collaborative efforts between the financial sector and industry stakeholders will be essential. These efforts will not only address the current challenges but also unlock new opportunities for investment and development, reinforcing Northeast China's position as a leader in this dynamic and influential economic sector.
Reference(s):
Financial support accelerates development of Ice and Snow economy
cgtn.com
