‘Second wave’ of revenge spending from China seen in 2023

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‘Second wave’ of revenge spending from China seen in 2023
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Billionaire Andrew Tan-led conglomerate Alliance Global Group Inc. will accelerate expansion across key businesses units in 2023, betting on a “second wave” of spending with the expected reopening of the Chinese economy. | miguelrcamusINQ /PDI

“We see demand for [office space] continues to be there and the growth of that industry remains strong,” he said.

The rosier outlook comes on the back of surging inflation in 2022 and fears over a global recession next year.

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