This summer, China is witnessing a booming tennis economy as Chinese player Zheng Qinwen won the women’s singles gold. At the same time, Zhang Zhizhen and Wang Xinyu claimed the silver medal in mixed doubles at the Paris 2024 Olympic Games. How will the historic victories boost China’s tennis economy? (00:45)

Goldman Sachs says the chance of a U.S. recession in the next 12 months has risen from 15% to 25%. What contributes to the recession probability, and has the US reached an economic turning point? (14:58)