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China sees travel and consumption boom during National Day holiday

China has experienced a robust economic surge during the National Day holiday and Mid-Autumn Festival holiday, with tourism, retail, and film industries showing strong growth, reflecting resilient consumer demand. Meanwhile, China imposed export controls on rare earth-related items, emphasizing its commitment to global security and supply chain stability. Gold prices also hit a record high amid global economic uncertainty, driven by risk aversion and geopolitical tensions. As China concludes its 14th Five-Year Plan, it highlights achievements in economic opening-up, including reduced foreign investment restrictions and alignment with international trade rules, reinforcing its role in global economic integration. These developments underscore China's economic vitality and strategic positioning amid global challenges.

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