China’s generation Z teens spend more and worry less

These Chinese youngsters are living it up compared to their cautious, conservative peers in the West.

SHANGHAI: They are confident, carefree and spend over US$7,000 a year on luxury goods – even before they turn 21.

Meet China’s Generation Z. Spoiled by parents and grandparents for being the only child in their families, these youngsters are living it up compared to their cautious, conservative peers in the West, according to a new survey. They are pumped up about the future and not worried about their career prospects or international politics, notwithstanding a trade war at their doorsteps.