What are the new trends in China’s Spring Festival consumption?

Across China, vibrant Spring Festival celebrations are underway as the nation reaches the pinnacle of its most important holiday season. The Chinese Lunar New Year is about homecomings. This year, Chunyun, or the Spring Festival travel rush, is expected to set a new record of nine billion passenger trips during the 40-day travel peak. Meanwhile, China's leading online shopping platforms also capitalize on the traditional high-spending season. So, what are some of the new trends in China’s Spring Festival tourism and consumption? What does all this say about the country's economy (00:38) ? We also take a look at global AI governance (19:40).