China's strength in consumption amid a new reality

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…