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

submitted 3 months ago by schizoidman@lemmy.ml to c/anticonsumption@slrpnk.net

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[-] nucleative@lemmy.world 4 points 3 months ago

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.

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[-] MrMakabar@slrpnk.net 1 points 3 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.

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this post was submitted on 21 Jul 2024

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