Recently, Chinese Tiktoker Wang Nicole shared a video about the decline in consumer spending among Shanghai’s middle class. The video gained a lot of attention, sparking comments from many middle-class individuals.
One person wrote, “My best friend says she won’t eat meals that cost more than 20 yuan. She has 1.5 million yuan in cash and lives in a spacious apartment, but she doesn’t buy clothes or bags. She wears my old clothes, and when we shop, she avoids eating out. A cup of water from McDonald’s is enough for her.”
Join this channel to get access to perks:
https://www.youtube.com/channel/UCT2kPBcD6tXn8TP_aV7BmgA/join
#chinaobserver
All rights reserved.
⭐You can support us at: https://donorbox.org/china-observer-supporting-independent-news
⭐For business cooperation, please contact us: business@chinaobserver.co