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Core Viewpoint - The ice and snow economy is experiencing significant growth, driven by increasing consumer interest and supportive government policies, with projections indicating a thriving market by 2025 [1][6]. Industry Growth - The ice and snow industry is expected to see a substantial increase in demand, with ski goggles orders projected to grow by 61.8% and ski helmet orders by 14% by 2026 [3]. - The 2024-2025 snow season is anticipated to generate a total consumption amount of 786.13 billion yuan across ski resorts, with a 27.97% increase in spending within a two-kilometer radius of these resorts [10]. Policy Support - The Chinese government has issued several policies to promote the development of the ice and snow economy, including the "Opinions on Stimulating the Vitality of the Ice and Snow Economy" and initiatives to boost consumption [6]. - The 2025 Central Economic Work Conference emphasized the importance of domestic demand and the expansion of quality goods and services, providing a clear direction for the ice and snow economy [6]. Regional Developments - Yiwu, known as the "world supermarket," is experiencing a surge in orders for ice and snow products, such as ice skates and ski goggles, due to the onset of the ice and snow season [7]. - The Shengxianli International Ski Resort in Hangzhou welcomed nearly 70,000 visitors last season, generating revenue of 20 million yuan, indicating a growing trend in winter leisure activities [8]. Technological Advancements - The ice and snow equipment sector in China is witnessing advancements in self-research capabilities, with breakthroughs in key areas such as carbon fiber ski boards and indoor ski simulators [15]. - Companies like Taishan Sports are developing innovative products, including big data ski simulators and proprietary ice sports safety mats, enhancing the technological support for ice and snow sports [17]. Industry Ecosystem - The Chinese ice and snow industry encompasses a complete ecosystem, from resource development and equipment manufacturing to service operations and consumer spending, indicating a well-rounded market structure [10]. - In Shandong, over 100 ice and snow equipment manufacturing companies have formed clusters that include facilities for ice and snow venues, competition gear, and leisure equipment, showcasing the region's robust industry growth [22].

Core Insights - The ice and snow economy in China is experiencing significant growth, with the industry expected to surpass 1 trillion yuan, reaching 10,053 billion yuan by 2025 [2] - The demand for snow sports equipment is rising, with Zhejiang Yuanjing Sports Goods Co., Ltd. anticipating a 61.8% increase in ski goggles orders and a 14% increase in ski helmet orders for 2026 [4] - The ice and snow economy is supported by government policies aimed at promoting winter sports and boosting consumption [8] Industry Growth - The 2024-2025 snow season saw ski resorts in China generating a total consumption of 78.613 billion yuan, with a 27.97% increase in spending within a two-kilometer radius of ski resorts, positively impacting surrounding retail, transportation, and dining sectors [6] - The construction of the 27th Harbin Ice and Snow World is in its final stages, indicating ongoing investment in the ice and snow tourism sector [10] Policy Support - The Chinese government has issued several policies to support the development of the ice and snow economy, including the "Opinions on Stimulating the Vitality of the Ice and Snow Economy through High-Quality Development" and initiatives to promote ice and snow consumption [8] - The 2025 Central Economic Work Conference emphasized the importance of domestic demand and the expansion of quality goods and services, providing a framework for the growth of the ice and snow economy [8] Industry Ecosystem - The Chinese ice and snow industry encompasses a complete ecosystem, including upstream resource development, equipment manufacturing, midstream services and operations, and downstream consumption and derivative economies [10] - The current trends of industry upgrading, integration, and policy empowerment are driving the continuous release of vitality in the ice and snow economy, making it a key engine for boosting consumption and promoting high-quality regional development [10]

Group 1 - The core viewpoint is that the ice and snow economy in China is experiencing significant growth, with the industry expected to exceed 1 trillion yuan by 2025, reaching 10,053 billion yuan [1] - The new ski season has begun, with companies like Zhejiang Yuanjing Sports Goods Co., Ltd. ramping up production, anticipating a 61.8% year-on-year increase in ski goggles orders and a 14% increase in ski helmet orders for 2026 [3] - The ice and snow economy is supported by government policies, including the State Council's opinions on promoting high-quality development in ice and snow sports and the emphasis on boosting consumption in the 2025 Central Economic Work Conference [6] Group 2 - The ice and snow industry chain in China encompasses various segments, including resource development, equipment production, service and operation, and consumer spending, forming a complete ecosystem [9] - The 2024-2025 ski season saw a total consumption amount of 78.613 billion yuan at ski resorts, with a 27.97% increase in spending within a two-kilometer radius of ski areas, indicating a positive impact on surrounding retail, transportation, and dining sectors [5] - The construction of the 27th Harbin Ice and Snow World is in its final stages, showcasing ongoing investments in the ice and snow tourism sector [8]