Japan's Engel coefficient, a measure of household spending on food, reached a new high of 28.8% in fiscal year 2025, the highest since 1980. In other news, Shanghai and Shenzhen stock markets saw trading volumes exceed 1 trillion yuan, a decrease from the previous day. Additionally, OPPO released a statement regarding accountability for its Mother's Day marketing, and Kuaishou plans to spin off its AI company Keling, seeking $2 billion in funding. AI
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