👛 Shanghai’s nightlife bounces back with lingering pain | Following the yuan

The recovery of China's consumer spending will be long and uneven, and the nightlife sector is just a small part of it that reflects a larger story.

Writer’s note 📝:

I’m publishing this piece a little later than I should but the principle stands: China’s consumer spending won’t bounce back immediately when there’s lingering insecurity from the pandemic and from the economic downturn. We should keep an eye on how much they are spending & what they are spending on.

In late March, on one of the most po…