Results for: Economic Resilience

China’s transportation and tourism sectors witnessed a surge during the May Day holiday. Over 1.35 billion passenger trips were made, indicating a robust momentum in the Chinese economy. Domestic tourism thrived, with rural destinations gaining popularity. The consumer market also saw growth with increased retail and catering sales. The holiday period showcased the resilience and potential of China’s economy.

Despite initial resilience, Russia’s economy is facing a looming crisis due to escalating military costs, Western sanctions, and unsustainable economic measures. Experts warn that President Putin has only a year and a half of financial cushioning left to address a policy trilemma involving military funding, living standards, and economic stability.