Chinese localities have stepped up efforts to ensure energy supply for the upcoming Spring Festival holidays, as new cold waves have frozen a number of provinces including Central China’s Henan and East China’s Jiangsu.
Young people are busy traveling, taking advantage of the free time there are few good jobs out there as well as the consumer power that comes with a deflationary economy
Young Chinese are taking advantage of deflation and a weak jobs market to see the world. Along the way, they’re reshaping consumer habits, says Bloomberg Opinion columnist Shuli Ren.