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THOUGH the recession hasn’t stung here as hard as it did in many other countries, China has still felt the discomfort of a world economy in turmoil. Alarmed by increasing uncertainty in life, many Chi
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THOUGH the recession hasn’t stung here as hard as it did in many other countries, China has still felt the discomfort of a world economy in turmoil. Alarmed by increasing uncertainty in life, many Chinese people have taken a cautious attitude toward spending. Many however are finding it difficult to live without the extra pleasures and comforts they have become accustomed to in China’s recent boom years. This has propelled creative minds to scramble for ways to get the most out of their money. They concluded that through simply sharing they could realize their desires while saving money at the same time. Referred to as pinke (pronounced pin-keur) in Chinese, these people buy in bulk to get the best prices for the group, and trade assets or services to reduce expenses. With their numbers growing swiftly, websites are popping up that help shoppers find partners and exchange tips. They have found ways to share everything from apartments to vacations, and even pets.
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