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Will ‘Revenge Spending’ Save China’s Economy?

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Will ‘Revenge Spending’ Save China’s Economy?
A person reads a riddle hung from a lantern on display at a shopping mall in Beijing on Feb. 4, 2023. Jade Gao/AFP via Getty Images
Milton Ezrati
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Commentary

Much economic news coming out of China references “revenge spending.” It is a strange use of language. Nowhere in its use does anyone indicate who is getting revenge or on whom.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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