China's May Day tourism and spending surpass pre-pandemic levels.

China's Golden Week holiday spending has exceeded pre-pandemic levels for the first time in three years, with travelers making 274 million trips within mainland China, up 71% from a year ago and 19% higher than 2019. Revenue from domestic tourism reached 148 billion yuan ($21 billion), up 129% from a year earlier and also slightly higher than 2019. However, analysts caution that the recovery in the Chinese economy may be uneven, with challenges from weak global demand and rising geopolitical conflict.