# Milan Cortina Olympics

China Markets Rally as ByteDance Unveils Advanced AI Video Tool and Global Costs of Winter Games Reignite Debate

Chinese markets rallied on February 9, buoyed by gains in tech and semiconductor sectors even as gold and silver rose amid geopolitical caution. ByteDance launched Seedance 2.0, a generative AI video model that heightens both commercial opportunity and regulatory risk, while Italy’s Milan–Cortina Winter Olympics underscored the growing fiscal weight of hosting major events. Beijing also reported that its five‑year seed‑industry targets were met, strengthening agricultural self‑reliance.