Trade and International Business

The Scholl Chair in International Business and the Economics Program provide analysis and commentary on the international trading system and its institutions.

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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

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Emily Benson
Director, Project on Trade and Technology and Senior Fellow, Scholl Chair in International Business
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Scott Miller
Senior Mentor (Non-resident), Executive Education