China's frugal young adults accelerate saving, raising economic risks
BEIJING, Jan 20 (Reuters) - The frugal trend that began in China during the economic disruption of the pandemic and deepened amid the crisis in the property market is intensifying as Gen Z shuns government calls to spend, spend, spend and doubles down on saving.
This, I guess, is something like Georgie W's urging Americans to keep shopping after 9/11.
I would point out that I, myself, have heroically supported a growing economy at every turn.
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