CSIS’s Economics Program, the Scholl Chair in International Business, and the Strategic Technologies Program, explore the nexus between economics and national security at a time when international relations are increasingly defined by the pursuit of economic and commercial power.

Photo: HECTOR RETAMAL/AFP via Getty Images

Why China’s Long-Awaited “Revenge Spending” Boom Has Not Arrived

The rather rapid recovery in consumption played a big role in fueling China's economic growth, causing some to believe that the long-awaited moment of “revenge spending” has finally arrived. A closer examination of the data, however, reveals a weaker recovery in consumption than meets the eye, with a slower rebound than forecasted.

Blog Post by Qin (Maya) Mei — June 1, 2023

Past Events


Erin L. Murphy
Deputy Director and Senior Fellow, Economics Program
Scott Kennedy
Senior Adviser and Trustee Chair in Chinese Business and Economics
Daniel F. Runde
Senior Vice President; William A. Schreyer Chair; Director, Project on Prosperity and Development
Erol Yayboke
Director, Project on Fragility and Mobility and Senior Fellow, International Security Program
Emily Benson
Director, Project on Trade and Technology and Senior Fellow, Scholl Chair in International Business