Young Chinese are struggling to live on reduced budgets, influenced by small savings and economic uncertainties, while the government seeks to stimulate consumption.

In China, young people adopt a frugal lifestyle, managing to survive on small amounts of money, in the context of an unstable economy and high unemployment. Online influencers, such as Zhang Grain of Rice, offer tips on how to save money, including using soap as shampoo and preparing meals for just 1 dollar a day. This trend of saving is fueled by economic uncertainties, such as nearly 20% unemployment and the housing crisis, which make young people more cautious about spending.

The Chinese government wants to stimulate domestic consumption, but young people remain pessimistic, preferring to save rather than spend. This frugality is deeply rooted in Chinese culture, and young people face challenges in finding jobs that match their qualifications, contributing to a savings-oriented economy. Deflation and expectations of lower prices further complicate the situation, and the government is trying to implement measures to encourage consumption, but the results are limited.