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Keeping it Real
(Total Views: 187)
Posted On: 05/05/2020 4:44:40 AM
Post# of 51975
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Posted By: energy_wave
China's young spenders say #ditchyourstuff as economy sputters

Quote:
For a growing number of Chinese like Tang, hit by job losses, furloughs and salary cuts, the consumer economy has begun to spin in reverse. They are no longer buying - they are selling.

Instead of emerging from the coronavirus epidemic and returning to the shopping habits that helped drive the world’s second-largest economy, many young people are offloading possessions and embracing a new-found ethic for hard times: less is more.


https://www.reuters.com/article/us-health-cor...SKBN22G09C

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