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10min chapter
The State of China, with Adam Tooze, Qing Wang, and Zichen Wang — Moderated by Finbarr Bermingham of SCMP
Sinica Podcast
Rethinking Consumption in China
This chapter examines the changing consumption trends among Chinese consumers, highlighting a shift towards rational spending amid economic difficulties. It discusses the impact of government policies on consumer behavior and the emerging 'consumption downgrade' lifestyle, where individuals prioritize thoughtful purchases. The chapter also explores generational differences in work culture, the concept of 'lying flat,' and the broader implications for society and governance in contemporary China.
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