China's strength in consumption amid a new reality

What this episode covers

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)?

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How long is this episode of Biz Today?

This episode is 27 minutes long.

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This episode was published on June 6, 2025.

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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...

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