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China's strength in consumption amid a new reality

China's strength in consumption amid a new reality

This year’s Dragon B...

Biz Today · podcastcp

June 6, 202527m 0s

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Show Notes

This year’s Dragon Boat Festival boosted travel and consumer spendings across China. The country saw 119 million passenger trips, a yearly increase of 5.7 percent. Meanwhile, China's consumer goods trade-in program has generated 1.1 trillion yuan in sales in the first five months. What strength does China’s consumption show amid the new reality (00:40)? DeepSeek updates its R1 AI model. What does it suggest about China’s AI potential (18:52)?