Chinese Youth Are Crying: Biking 40KM to Save $1 on Transit, They Can’t Even Afford Toilet Paper

China's economy is in a slump, with a persistently high youth unemployment rate. Many disillusioned young people, who see no hope, are choosing to adopt a "lying flat" or "slacking off" lifestyle. However, there are still many young individuals burdened with high housing and car loans. In the face of income reductions due to unemployment or pay cuts, they can only seek to lower their consumption levels to make ends meet. In recent times, terms like "downgrading consumption," "reverse consumption," and "substitution products" have been frequently mentioned, sparking heated discussions among netizens. #chinaeconomy #chinaobserver All rights reserved.