UBS On-Air: Paul Donovan Daily Audio 'Having fun cheaply?'

The ending of the lunar new year holiday has people focusing on China’s domestic demand. The number of trips rose above pre-pandemic levels, but early indications are that the amount of money spent per trip was subdued. As with developed economies, China’s consumers want to see friends and family, and have fun. Unlike developed economies, there seems a bias to having fun cheaply.