Author Topic: Simple living movements  (Read 1250 times)

90sRetroFan

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Re: Simple living movements
« Reply #15 on: October 02, 2022, 06:55:59 pm »
https://finance.yahoo.com/news/young-chinese-love-frugal-living-113000576.html

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On Douban, a Chinese website that provides information related to current events, music, and more, young Chinese are flocking to groups that offer money-saving tips. One group, named “Crazy Money Savers,” which has over 600,000 subscribers, encourages members to shun takeout and bubble tea, and advises them to delete popular e-commerce apps like Alibaba and Pinduoduo.

In 2015, Chinese President Xi Jinping launched a new economic strategy emphasizing domestic consumption and production to shift the Chinese economy into its next stage of development. But in recent years, many young Chinese—like those who joined Douban’s “Crazy Money Savers”—have begun saving, scrimping, and turning to social media influencers for advice on how to live frugally, a lifestyle directly in conflict with the government’s ambitions.
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Now, Beijing’s economic planners, who are resting their hopes on growing consumption to fuel China’s economy, are trying to reverse the newly frugal lifestyles of many young Chinese

This is the resurgent blood memory of pre-modern China vs Eurocentrist Xi's "New China". We of course support the former.

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In 2020, a clear trend began emerging across Chinese social media: the proliferation of so-called “low desire” and “low consumption” money-saving groups. Douban users created groups like “Stingy Men’s Federation” and “Stingy Women’s Federation.”

 :)

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The recent events shattered Vera’s confidence in the authorities and led her to question China’s economic future for the first time. “I always thought I’d want to stay in China and buy a home. Now I’m really not sure,” she said.
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China’s youth unemployment rate soared to nearly 20% in July. The country’s general slowdown and government crackdown on tech has led to pay cuts and mass layoffs.

Emigrate ASAP! Pre-modern China will only be fully restored when the population falls to pre-modern numbers:

https://trueleft.createaforum.com/issues/population-and-demographics/msg6837/#msg6837

Continuing:

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As young Chinese look to save money, the government is pushing them to spend more.
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Chinese Premier Li Keqiang said in a Wednesday speech that the government will do “whatever we can to expand effective investment and promote consumption” to deal with the weak demand.

The correct response to reduced demand is reducing labour (whether in the short-term by cutting working hours or in the long-term by reducing population), not promoting consumption.