Holiday Boom Strengthens China's Confidence: Times

The explosive rebound in travel and spending during the May 1-5 holiday strengthened China's confidence and ability to deal with rising challenges at home and abroad, the Global Times said in an editorial. The number of holiday travelers doubled from last year to 265 million and was close to the number in 2019, the year before the pandemic, and holiday spending increased from 2019, even as much of the world still stumbled through the pandemic, the newspaper said. However, China's growth may slow in H2, and the U.S.-led efforts to contain China create risks and uncertainties, it said.