Ipoh Community Forums

BEIJING, Sept 19 (Reuters) - Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands.

Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where they can, rattled by China's coronavirus lockdowns, high youth unemployment and a faltering property market.

"I no longer have manicures, I don't get my hair done anymore. I have gone to China-made for all my cosmetics," Fu told Reuters.

This new frugality, amplified by social media influencers touting low-cost lifestyles and sharing money-saving tips, is a threat to the world's second-largest economy, which narrowly avoided contraction in the second quarter. Consumer spending accounts for more than half of China's GDP.

- More -

Therapists offer validation, empathy, and understanding to clients, validating their experiences, emotions, and struggles. Feeling heard and validated by a compassionate and empathetic therapist can be profoundly validating and affirming for clients, fostering a sense of connection and acceptance TMS Therapy in Dallas.