Wǒ Men Podcast: Has Covid-19 Ended China’s Consumption Boom?

The Wǒ Men Podcast is a discussion of life in China hosted by Yajun Zhang, Jingjing Zhang and Karoline Kan. Previous episodes of the Wǒ Men Podcast can be found here, and you can subscribe to Wǒ Men on iTunes here.

As China continues to recover from the Covid-19 crisis, some experts expected to see a strong consumption rebound in recent weeks. However, it didn’t happen. Instead the amount of saving in the first quarter of 2020 surged in China.

Many Chinese, including the post-’90 and post-’00 generations who are used to living paycheck to paycheck, have started to save money. Seemingly, the global pandemic has changed many families’ and individuals’ consumption habits and lifestyles — at least in the short term.

Related:

<a href="https://radii.co/article/china-youth-survey-coronavirus-optimistic"> <div class="related-wrapper"> <div class="related-image"> <img src="https://imagedelivery.net/WLUarKbmUXuuhDC7PG5_Qw/articles/327eeade87c91f4dd46358e0f5d5c546.jpg/public" alt="china millennial survey optimistic future"/> </div> <div class="related-content"> <div class="related-title"> <span>Are China’s Youth Still “Optimistic” After the Coronavirus Outbreak?</span> </div> <div class="related-subtitle"> <span>A major recent survey reports an upswing in better habits and stronger family relationships among young people</span> </div> <div class="related-footer"> <span>Article</span> <span>May 11, 2020</span> </div> </div> </div> </a>

For this episode of the Wǒ Men Podcast, our three co-hosts share their different views on consumption and money saving and how Covid-19 has changed their outlook when it comes to personal finances.

Listen below on Mixcloud, or find Wǒ Men on iTunes here.