Young get thrifty in times of crisis
China Daily | Updated: 2009-01-06 07:49
China's office workers are tightening their belts, cutting spending on everything from clothes to fast food, despite government efforts to boost consumption to stave off the worst effects of a global recession.
Websites popular among young Chinese professionals are extolling the virtues of frugality as the global financial crisis bites China's economy.
Wang Hao, a 24-year-old Beijing office worker, launched his campaign in June to curb weekly living expenses to 100 yuan. So far, he says, he has 55,000 participants.
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