China’s Dragon Boat holiday and its consumer confidence

中国的端午节及其消费者信心

World Today

2025-06-03

53 分钟
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① It’s estimated that China saw 119 million passenger trips during its three-day Dragon Boat Festival, a year-on-year increase of 5.7%. What does it tell us about the consumer confidence in China? (00:52) ② We take a look at how, thanks to a trade-in program, China saw strong growth in retail sales for consumer products in this year’s first five months. (14:39) ③ What’s behind the chaos of an Israeli-backed initiative to establish aid distribution sites in Gaza? (24:58) ④ Iranian diplomatic sources say Tehran is poised to dismiss a US nuclear proposal. What’s the calculus of Tehran? (36:31) ⑤ Mexican President Claudia Sheinbaum has described her country’s unprecedented judicial elections as a complete success. Will Mexico’s ongoing judicial reform reduce corruption and impunity in the judicial system? (45:24)
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  • Hello and welcome to World Today, I'm Ding Han in Beijing.

  • Coming up, China sees 119 million trips during the country's Dragon Boat holiday.

  • Boosted by a trade-in program,

  • China saw strong growth in terms of retail sales for consumer products in the first five months of this year.

  • Dozens of people were killed near eight distribution sites in the Gaza Strip.

  • And Mexico's president, Claudia Sheinbaum,

  • hails complete success in the country's first ever judicial elections.

  • To listen to this episode again or to catch up on our previous episodes,

  • you can download our podcast by searching World Today.

  • First up,

  • it's estimated that China saw 119 million passenger trips during the three-day Dragon Boat Festival,

  • a year-on-year increase of 5.7%.

  • Official sources indicate that total railway trips in the country reached 47.1 million,

  • a 2.3% increase from the number from the previous year.

  • Road travel recorded 600 million trips nationwide, up by 3.1% year-on-year.

  • Water transport and civil aviation respectively handled 2.9 million and 5.6 million trips.

  • The Dragon Boat Festival in China took place from May 31 to June 2.

  • So joining us now from Chongqing is Professor Yao Shujie,

  • Changkong Professor of Economics with Chongqing University.

  • Thank you very much for joining us today, Professor Yao.