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china domestic consumption

A woman passes by a giant monitor showing the "Two Sessions" in Beijing, China.
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Why is China’s economic growth target so meh?

The short answer is: Xi Jinping got burned in 2022 and wants to play it safe this time.

Two women making a monetary transaction
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Hobbies are having a moment

After shifting toward other forms of leisure, consumers are putting more money back into hobbies—with older Millennials spending more on hobbies than any other generation. Spending is accelerating across activities like hiking, camping, skiing, scuba diving, arts and crafts, and more. Subscribe to Bank of America Institute for more insights.