China’s consumption scene is undergoing a vibrant transformation that has caught the attention of experts and young trend enthusiasts alike. On a recent CGTN debate show, specialists discussed how the term "consumption downgrade" misses the mark, as it suggests that a shift toward more affordable or rational spending is a negative trend.
Li Cheng, founding director of the Center on Contemporary China and the World at the University of Hong Kong, noted that what we are witnessing is not a downgrade but a natural adjustment reflecting dynamic and diverse consumer behavior. According to him, this transformation points to a more realistic, sustainable approach to consumption.
Wang Wen, dean of Chongyang Institute for Financial Studies at Renmin University of China, added that the trend is strengthening in key areas such as green innovation, technology, as well as cultural and tourism-related spending. These evolving patterns are paving the way for a healthier economic landscape.
For young professionals, students, and adventurers, this shift represents exciting opportunities and new insights into global market trends. With a pulse on sustainability and smart choices, China’s consumption evolution inspires a fresh perspective on modern living. 🤩🌱
Reference(s):
Experts: China's consumption patterns move in a healthy trajectory
cgtn.com
