Dalate Holds First International Horse Culture Industry Forum

The First International Horse Culture Industry Forum took place on Saturday in Dalate Banner, Erdos City, in north China's Inner Mongolia Autonomous Region with the theme of "Cultural Industry and Cultivating a New Economic Growth Engine."

As one of the Erdos International Horse Culture festivals, the forum featured well-known Chinese and international experts and scholars in the horse-related industry, who shared their creative ideas and research results, which has made Dalate the birthplace of horse culture industry development.

"We should recognize the importance of horse culture and horse-related industry to Dalate's economic transformation," said Li Daokui, a Chinese economist and director of the Center for China in the World Economy at Tsinghua University. "We should take advantage of the existing resources in Erdos to attract capital and the world's attention just like Dubai, which has become a famous city through which everyone from Asia to Africa must cross to use its oil resources."

Besides promoting the tourism industry, the horse culture industry forum provided a platform for exchanging information about horse-related industries to attract more investment from domestic and foreign enterprises and promote Dalate's economic development.

As one of this festival's sponsors, Einar Tangen, a banker and former chairman of international business from the US state of Wisconsin, said with its rich natural and cultural resources, Dalate should not only promote its horse culture but also create a very strong brand to make the prefecture known around the world.

By creating a supply base for domestic and international horse racing, Dalate offers services such as horse feeding, caring, training and stable management, which draws a large number of laborers from rural areas.

Qi Shiye, who has benefited from Dalate's economic transformation, resigned from his position as chairman of a commercial company a few years ago to raise horses.

"These 60 improved little ponies which will be born next year will fetch up to 3 million yuan (US$473,300) when I sell them," Qi said. "I like horses and raising them. Our Mongolian minority has always been good about raising horse."

Experts who attended the forum included Song Min, an economist and director of Financial Innovation and Development Research Center at Peking University, Yu Bin, director of the Macroeconomic Research Department at the Development Research Center of the State Council, Li Daokui, Director of the Center for China in the World Economy at Tsinghua University, Bao Mingde, professor at the Chinese Academy of Social Sciences, artists and film director Xie Ruguang, historian Liu Guoxiang and archeologist Yuan Jing.

This forum was hosted by the Zhongguancun Capital Market Research Association, Financial Innovation and Development Research Center of Peking University and China Capital Growth Forum Committee.

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