Frugal

Young Chinese are in love with ‘frugal living’ due to economic fear

On Douban, a Chinese website with information on current events, music and more, young Chinese flock to groups offering money-saving tips. One group, called “Crazy Money Savers,” which has more than 600,000 subscribers, encourages members to avoid takeaway and bubble tea and advises them to remove popular e-commerce apps such as Alibaba and Pinduoduo. In …

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