Anticonsumption

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China's consumers aren't buying stuff, but it's not because they're broke (www.businessinsider.com)

submitted 4 months ago by schizoidman@lemmy.ml to c/anticonsumption@slrpnk.net

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[–] nucleative@lemmy.world 3 points 4 months ago (2 children)

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.

[–] MrMakabar@slrpnk.net 1 points 4 months ago

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.

[–] feedum_sneedson@lemmy.world -2 points 4 months ago (1 children)

Absolutely not my experience of Gen Z in China.

[–] nucleative@lemmy.world 1 points 4 months ago

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.