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Why China’s Old Communist Leaders Want Young People to Spend More, but Generation Z Resists
Summary by periodistadigital.com
1 Articles
1 Articles
Changsha’s bustle at midnight is witnessing a paradox that beats at the core of China’s economy. While communist leaders advocate greater spending among young people to reactivate domestic consumption, the latter opt for savings and prudence. The discrepancy between power expectations and generational reality has become a significant challenge for contemporary China. While the political elite seeks solutions to reactivate consumption and maintai…
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