New research adds to the growing body of evidence that China’s youth are more than happy to fund their spending by taking on debt. Photo: EPA-EFE New research adds to the growing body of evidence that China’s youth are more than happy to fund their spending by taking on debt. Photo: EPA-EFE
New research adds to the growing body of evidence that China’s youth are more than happy to fund their spending by taking on debt. Photo: EPA-EFE
China Society

China’s ‘Moonlight clan’ generation lives pay cheque to pay cheque, but not because they are poor

  • A recent CCTV report estimated that 40 per cent of single people in tier-one Chinese cities could be considered the Moonlight clan 
  • Economists say the trend could put pressure on China’s macroeconomy because young people will not have enough savings to invest

Topic |   China Society
New research adds to the growing body of evidence that China’s youth are more than happy to fund their spending by taking on debt. Photo: EPA-EFE New research adds to the growing body of evidence that China’s youth are more than happy to fund their spending by taking on debt. Photo: EPA-EFE
New research adds to the growing body of evidence that China’s youth are more than happy to fund their spending by taking on debt. Photo: EPA-EFE
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