Will China ‘Revenge Spending’ Follow $2.6 Trillion Rise In Savings?
January 24, 2023 at 23:45 PM EST
After a tough 2022, China’s economy is poised for growth – as households are now sitting atop the biggest pool of new savings in history – having deposited $2.6tn in 2022. The bull case revolves around the notion of ‘revenge spending’ – an anticipated wave of pent-up demand fueled as consumers open their wallets for […] Source
