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Daybreak Weekend: Earnings Season Continues; European Oil; Lunar New Year

Bloomberg Daybreak: Asia Edition

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Chinese Lunar New Year Celebrations and Spending Habits

This chapter discusses the expectations and trends for the Lunar New Year celebrations in China, including the belief that the year of the dragon brings good luck and leads to increased childbirths and higher spending. It also explores the spending habits of people in China during an economic slowdown, focusing on instant gratification activities and the demand for workers in the services industry. The chapter concludes with a discussion on the performance of gaming companies and casinos in Macau during the holiday period.

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