China's young spenders say #ditchyourstuff as economy sputters

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China's young spenders say ditchyourstuff as economy sputters

BEIJING - Tang Yue, a 27-year-old teacher from the city of Guilin in southwest China, steam-presses a blue dress and takes dozens of photographs before picking one to clinch her 200th online sale.

But the adrenaline rush that comes with binge-shopping is gone, said Tang, whose wages have been slashed with the suspension of all the classes on tourism management she usually teaches. There are some signs that a similar trend will take hold in China, where some upscale malls are starting to get busy, although luxury firm Kering SA - which owns Gucci, Balenciaga and other fashion brands - has said it is hard to predict how or when sales in China might come back.

#DITCHYOURSTUFF Tang made a spreadsheet to keep track of her nearly 200 cosmetic products and hundreds of pieces of clothing. She then marked a few essentials in red that she wanted to keep. In the past two months, she has sold items worth nearly 5,000 yuan on second-hand marketplaces online. Posts with the hashtag #ditchyourstuff have trended on Chinese social media in recent weeks, garnering more than 140 million views.

Eleven Li, a 23-year-old flight attendant, said she used to spend her money on all manner of celebrity-endorsed facial masks, snacks, concert tickets and social media activity, but now has no way to fund her spending.

 

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