Chinese household savings grew by 7.86 trillion yuan ($1.2 trillion) between January and May, an increase of more than 50% from the same period last year.
increased by 14%. cbs lilia luciano is in los angeles tonight with more on the state of the virus. good evening, lilia. reporter: good evening to you, adriana. well, along with the jump in cases and hospitalizations that you mentioned, there s also growing concern about yet another variant of the virus. for many people in the u.s., the pandemic is in the past, but several states are seeing rising infections for the first time since january s omicron surge. we watched it in europe, we ve seen it happen in the northeast, and we knew it was a matter of time before our cases started to tick up. reporter: about 43% of the population is living in high or substantial covid risk areas, and new infections have doubled in the last two weeks in at least six states. but health officials are concerned there s an undercount because of less testing. in shanghai, china, there s mounting frustration with the country s zero-covid lockdowns, with fears beijing could be next.