, Columnist
China’s Jobless Divas Hit the Road
Young Chinese are taking advantage of deflation and a weak jobs market to see the world. Along the way, they’re reshaping consumer habits.
A more genuine travel experience.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
China is experiencing the most stubborn economic downturn in decades. The housing sector is in its third year of a slump. The stock market is testing new lows. Youth unemployment remains worryingly high, even as the government tweaks the statistics.
There is a bright spot, however. 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.