中文       Deutsch       Français       日本語
Search      Subscribe
Home    Nation    World    Business    Opinion    Lifestyle    China Focus    ChinAfrica    Multimedia    Columnists    Documents    Special Reports
Nation
Post-1990s' Financial Management
The post-1990s generation has turned to use financial management for their personal wealth
  ·  2019-08-12  ·   Source: NO. 33 AUGUST 15, 2019

Recently, a survey conducted by Alipay, China's leading payment platform, surprisingly showed that 92 percent of Chinese people born in the 1990s have a surplus of money after paying for living expenses every month, while 80 percent of them use financial management for their personal wealth.

Young people today who were born in the 1990s are often viewed as spending money lavishly and recklessly. It may be time to realize that the post-1990s generation is unique, knowing how to enjoy life and rationally manage its wealth as well.

According to the survey, they have a stronger sense of independence and self-security and the poll showed that they have gotten acquainted with consumption and financial management much earlier than their parents.

With the knowledge of social media and information dissemination approaches, the post-1990s generation has achieved a diversification of income sources and satisfied their personal demands for consumption by utilizing Internet platforms.

Meanwhile, they are growing in the credit area, which means they are more accustomed to credit consumption rather than saving up to pay cash. On the one hand, they know how to maximize profits through financial management, and on the other hand, a wide variety of financial products have sprung up due to the rapid development of Internet finance.

(This is an edited excerpt of an article originally published in Guangzhou Daily on August 2 

About Us    |    Contact Us    |    Advertise with Us    |    Subscribe
Partners: China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CGTN   |   China Tibet Online   |   China Radio International   |   Beijing Today   |   gb times   |   China Job.com   |   Eastday   |   CCN
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860号
Print
Chinese Dictionary: