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Holiday cheer puts Chinese consumers in a buying mood
Liu Yuxuan, a Japanese translator in Beijing, is one of those thrift-minded Chinese who tend to live within their means. Like many others, 30-year-old Liu places the bulk of her salary in a savings account and tries to cut back on unnecessary expenditures. Nevertheless, she spent
8,000 yuan ($1,215)—around two months’ salary—for this year’s Spring Festival, which fell on February 3. “I bought a laptop as a special treat for myself and three pieces of clothing as gifts for my parents,” she said.
Liu Yuxuan, a Japanese translator in Beijing, is one of those thrift-minded Chinese who tend to live within their means. Like many others, 30-year-old Liu places the bulk of her salary in a savings account and tries to cut back on unnecessary expenditures. Nevertheless, she spent
8,000 yuan ($1,215)—around two months’ salary—for this year’s Spring Festival, which fell on February 3. “I bought a laptop as a special treat for myself and three pieces of clothing as gifts for my parents,” she said.