The deadliest famine in human history (that’s what Wikipedia calls it) happened between 1958 and 1962 in China.
I think all the current generations in mainland are still pretty aware that saving money for a rainy day when the clouds start to accumulate is a good plan.
There is a lot of consumerism in the younger generations but I’m sure grandma and grandpa are still telling stories. I don’t think there is any culture more anxious to pour cash into real assets like foreign properties.
The deadliest famine in human history (that’s what Wikipedia calls it) happened between 1958 and 1962 in China.
I think all the current generations in mainland are still pretty aware that saving money for a rainy day when the clouds start to accumulate is a good plan.
Also an extremely weak social safety net and a lot of Chinese are still very poor. As in so poor that a cut can realistically mean starving.
Absolutely not my experience of Gen Z in China.
There is a lot of consumerism in the younger generations but I’m sure grandma and grandpa are still telling stories. I don’t think there is any culture more anxious to pour cash into real assets like foreign properties.