Jan 05 2009
Interesting cultural piece on China’s youth getting thrifty in rough economic times through websites dedicated to reducing the cost of living.
Websites and blogs 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 ($14.60). So far, he says, he has 55,000 participants.