Treasury Wine Estates announced on Tuesday that it has entered into an agreement to acquire a 75 percent equity stake in Ningxia Stone & Moon Winery Co Ltd for 130 million yuan ($17.9 million).
Ningxia displayed its premium wines at the seventh China International Import Expo (CIIE) in Shanghai on Nov 5.
A photovoltaic base is under construction in Majiatan town, Lingwu city, Yinchuan, Ningxia Hui autonomous region on Oct 28, 2024.
The Fifth National Conference on Big Data and Artificial Intelligence Science was held in Ningxia, from July 12 to 14.
Ningxia's new materials industry is looking to achieve an output value of more than $31 billion by 2025, with an average annual growth rate of about 20 percent.
The region used to be an important station along the ancient Silk Road and is designated by the central government as a promising opening-up pilot economic zone in inland China.