If China’s economy is weakening, someone forgot to tell Jasmine Wang.
“My parents haven’t asked me to cut back my spending,” says Wang, a 22-year-old graduate student in Beijing who collects limited-edition fragrances from brands like Chanel and Guerlain that can cost up to $300 each. She said her parents are paying her monthly bills of about 6,000 to 8,000 yuan ($1,186) and will keep supporting her if she struggles to find a job.
Wang is just one member of China’s Generation Z trying to find her way in a country of 1.4 billion, but her story gets to the conundrum facing