Hong Kong – Feb 3 – IJS-Global – They, the generation born around 1980’s that is called “Me Generation” among the China, gowning up along with the China’s high and sustainable developing economy, never thinks of the future will be shaded one day. They never belief that the future wouldn’t be brighter. Fortunately or not, when they are still young enough, the life teaches them, what the crisis means.
For more and more Chinese young people, the lunar Chinese New Year of 2009 may be the right timing to start handling difficulties, such as much more doing-it-yourself foods, less expenditure and converted financial management plan.
“For the past ox new year holidays, I did all the meals by myself even at our family reunion dinner on the eve of the new year. If the usual we of course would go outside, choosing a nice and good restaurant.” A book editor living in Nanjing, Jin Paopao put it via a phone call.
Before the Chinese new year, Jin sold out an apartment that made her no longer pay for any mortgage to the bank any more. She said she bought that apartment several years ago in the purpose of investment when the real estate market of Nanjing was just begun. The rent of the apartment had been used to balance bank mortgage every month. “Unfortunately, I couldn’t find somebody willing to rent it since last summer. During the past half year, I have to make the mortgage up by my own salary,” as far as she’s concerned, “I decided to sell it out in order to get some cash in the bank. I think It will be the best way coping with the recession.”
More and more Jin’s friends act like her, starting to curtail spending. “It seems that it is popular to invite friends having dinner at home instead of hitting a restaurant outside.” One of Jin’s friend, Shao Guan, a middle school teacher said. Comparing with previous lifestyle, young people prefer to spending their time watching movies instead of shopping.
“I’m considering to sell a house which is used as an investment property,” Zhou Xi, a journalist of Yangtse Evening Post said. She just finds out her pregnancy and starts to consider all the possible income and expenditure in the future. Along with the financial crisis, advertisements of printed media begun dropping sharply which effected her income already. “My husband is doing export business, it is almost ruined by the economic downturn. But I still plan to quit my job after the birth of my child. I wanna collect some money, open a small but cute coffee shop in the way of selling the house. ” Zhou said that.
