Lan Kwai Fong Holdings Chairman Allan Zeman

Lan Kwai Fong Holdings Chairman Allan Zeman

Thomas Lee/Bloomberg

“The younger generation in China are like every other young generation in other places,” Allan Zeman, chairman of Lan Kwai Fong Holdings Ltd., said in an interview in Wuxi, about 30 minutes away by train from Shanghai, yesterday. “They spend. They earn. They’re real consumers.”