3min chapter

Inside China cover image

4. Lying flat, letting it rot: the last generation

Inside China

CHAPTER

The 20-Somethings Who Lied Flat and Let It Rot

By line is a term often used by China's MBA fans when a basketball team is losing so badly that they just stopped trying to speed up their inevitable defeat. This is the generation that was born under the One Child Policy. They were constantly under the attention of their parents and grandparents who had a strong desire for their only child to over-achieve. But having grown up watching their parents get richer as the country got richer, the dream started to turn sour in 2020. That was when the massive real estate bubble came crashing down.

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