China, China, Generation Z, Generation Z

China, China

China’s Gen Z splashes out on luxury, with little regard for debt

Generation Z, born from 1995-2010, reportedly buys 15% of all luxury goods sold in China, compared with a worldwide average of 10%.

24/4/2021 2:13:00 AM

Generation Z , born from 1995-2010, reportedly buys 15% of all luxury goods sold in China , compared with a worldwide average of 10%.

Chinese live-streamer Huang Hanwen uses domestic cosmetics brands and spends his time talking about animation, comics, games and short novels (ACGN), as well as domestic, Japanese and Korean celebrities and entertainment news. At weekends, he uses Make Up For Ever and drinks imported whisky mixed with Coke or Red Bull. Huang is 24, putting him in the same demographic as most of his 300,000 fans from across ChinaGeneration Z , which is helping to drive Chinese consumer spending. This generation, born from 1995-2010, reportedly buys 15 per cent of all luxury goods sold in China , compared with a worldwide average of 10 per cent. Their expenditures also account for 13 per cent of their total household income, versus just 4 per cent in the US and Britain, according to a survey.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The willingness and desire of young Chinese people to spend their hard-earned income, and that of their families, is also playing an increasingly large role in driving China ’s economic development, while outpacing the consumption habits of their peers in the West. We love watching TV series and videos of Chinese ‘ancientry’ style and ACGN. But we rarely talk about politics and the authorities, which are risky to discuss in public Huang Hanwen “My fans think I am handsome and look like Japanese and Korean stars,” Huang says. “Young people my age are very concerned about their appearance. I and many of my fans are willing to spend 40 per cent or more of our income on cosmetics, aesthetic medicine and clothing. “And we also enjoy spending on whisky, vodka and blind boxes of art toys. We love watching TV series and videos of Chinese ‘ancientry’ style and ACGN. But we rarely talk about politics and the authorities, which are risky to discuss in public.” Huang b

AdJetzt entdecken! Wie man mit Investition von 250€South China Morning PostMocking jubilation on Chinese social media as Chanel loses trademark dispute to HuaweiThe Chinese public is crowing on social media after French fashion brand Chanel lost a trademark dispute to telecommunications giant Huawei Technologies this week.The dispute was over an application filed by Huawei to the European Union Intellectual Property Office (EUIPO) to register a trademark for a brand for computer hardware featuring two vertical interlocking semi-circles, similar to the iconic Chanel logo.After examining the visual, phonetic, and conceptual aspects of the logos, the General Court of the European Union said found that, while they shared some similarities, their “visual differences are significant”, according to a press release issued on Wednesday. On Chinese social media, supporters of Huawei called Chanel “pengci” – a Chinese slang meaning to intentionally pose as a victim to receive compensation. The phrase was coined when people in China deliberately fell in front of moving cars to pretend they were hit to extort medical fees and payment from drivers.“It’s classic pengci. They are not similar at all. You can not look at one logo and think of the other,” said one online user.They also claimed that Chanel was trying to tarnish Huawei’s international reputation.“Chanel’s sign is horizontal, Huawei’s is vertical, that’s such an obvious difference, even my three-year-old niece knows,” someone said on Weibo, China’s Twitter-like service. “If you want to pick a fight with Huawei, just say so!”“Does Chanel not want the Chinese market anymore? It’s a piece of cake for us to drive you out. We’ll give you a warning for this time,” another said. In China, public support for Huawei has hinged on nationalistic sentiment and pride in the company being a homegrown brand with global reach.During the saga of Meng Wanzhou, Huawei became a patriotic symbol of China’s unfair treatment on the global stage. Meng is the daughter of founder Ren Zhengfei and chief financial officer of the company. She is under house arrest in Canada and is fighting an extradition request by the US.Huawei also became the most high-profile corporation caught in the US-China trade war after the Trump administration targeted the company with a series of restrictions, including cutting off its ability to access chips made with US technology.These high-profile geopolitical events have, in turn, helped the brand increase its popularity in the domestic market. Huawei’s 2020 revenue grew by 3.8 per cent compared to 2019.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The trademark dispute with Chanel dates back to September 2017, when Huawei filed the application.In December that year, Chanel filed a notice of opposition claiming Huawei’s mark “bore similarities to its own mark registered for perfumes, cosmetics, costume jewellery, leather goods and clothes”.In 2019, the EUIPO rejected Chanel’s application, declaring Huawei’s mark was not similar to Chanel and that Chanel’s mark had a reputation and the public was not likely to be confused about it.The luxury brand then challenged the ruling at the Luxembourg-based General Court, which upheld the previous decision this week.“In particular, Chanel’s marks have more rounded curves, thicker lines and a horizontal orientation, whereas the orientation of the Huawei mark is vertical,” the court statement said.The ruling can be appealed to the EU Court of Justice. It is unclear at the moment whether Chanel will take a further step. More from South China Morning Post:A new Huawei Mate V foldable phone might be on the wayUS-China tech war: Huawei pushes licensing of 5G mobile technology amid struggles with Washington’s trade sanctionsHSBC takes to WeChat social network to deny ‘framing’ Huawei in US investigations as it comes under attack in Chinese mediaChanel loses EU trademark court fight with Huawei over logoThe real reason Louis Vuitton and Chanel are raising their prices? Brands aren’t just weathering the pandemic – luxury goods only get more desirable when they’re less accessibleThis article Mocking jubilation on Chinese social media as Chanel loses trademark dispute to Huawei first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.

24 new community COVID-19 cases in Singapore, 17 linked to Changi Airport cluster Jewel Changi Airport, Terminals 1 and 3 to be closed to public as COVID-19 testing continues 'Impossible' to hold Olympics during COVID-19 pandemic, Japan doctors union warns

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17 hours agoSouth China Morning PostWill national security law force exodus of Hong Kong’s teachers, students over fears of shrinking academic freedom?Veteran primary school teacher Eva* will be leaving Hong Kong with her husband and child by summer to start a new life in Britain. Changes in the city’s education scene since Beijing imposed a sweeping national security law on Hong Kong last June prompted the family’s decision to move. “My husband and I originally planned to send our child overseas while we continued working in Hong Kong, or maybe I would retire early and accompany our child there,” said Eva, whose child is in primary school. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. She lamented that teachers now had limited autonomy in the classroom and that some educators were practising more self-censorship following guidelines issued by the authorities. Schools and universities have been told to promote national security education among their students in keeping with the new law, which bans acts of subversion, secession, terrorism and collusion with foreign forces, and carries a maximum penalty of life imprisonment. Eva, who was born and raised in Hong Kong, said many of her friends had been planning to leave over the past few months, and some had already gone, along with their families. “There are so many uncertainties ahead … but I feel that I can always find another job,” said Eva, who is in her 40s and has taught general studies for more than 10 years. “Many parents like us are more worried about what kind of education our children will receive in future,” she added. The Education Bureau issued wide-ranging guidelines on national security education to schools in early February, covering aspects ranging from management issues to teaching and pupils’ behaviour, with children as young as six years old expected to be able to name the offences under the law. Teachers have been told to call police in “grave or emergency” situations, such as students chanting or displaying slogans or forming human chains on campus, acts of youthful defiance that were common during the anti-government protests of 2019. Hong Kong university head suggests security law courses could be mandatory Since the security law came into effect, two teachers have been stripped of their lifetime registration, with one accused of touching on Hong Kong independence in a class worksheet on freedom of speech. Schools, meanwhile, have been told to review their libraries and remove titles that might violate the law. Last month, education officials announced that liberal studies – a senior secondary subject that pro-Beijing politicians have blamed for radicalising youth – would be renamed “citizenship and social development”, with a new syllabus focusing on national security, identity, lawfulness and patriotism. In recent months, Beijing has laid out its vision for Hong Kong’s schools, highlighting the need for patriotic education for young people, removing “toxic” teaching materials and implementing the principle of “patriots governing Hong Kong” for educators. At the university level, fears that the national security law would lead to self-censorship and affect academic freedom had already come to pass, according to some students and teachers. Some institutions have begun looking into making national security a mandatory subject for all students. Hong Kong schools told to do more to promote national security education In February, Chinese University effectively severed ties with its student union over concerns that its electoral platform possibly breached the national security law. On Monday, Communist Party mouthpiece the People’s Daily lashed out at the University of Hong Kong’s student union following its criticisms of the security law, calling it “a malignant tumour” that should be removed. Earlier this month, local pro-Beijing media attacked Polytechnic University’s student union, accusing it of “beautifying” the 2019 protests by setting up street counters to promote an exhibition showcasing photographs from the months of social unrest. On April 15, Hong Kong schools marked their first National Security Education Day since the law’s passage, with many holding flag-raising ceremonies and some kindergartens teaching pupils as young as three about the legislation. School heads have until August to tell education authorities what they have done on national security education and describe future plans, which Eva described as a rushed campaign that had put more pressure on teachers and schools, while the guidelines themselves were overly strict. “Many guidelines have been introduced abruptly, and there is simply no way for schools to get around them,” she said. Guidelines from the bureau include inserting elements of national security education into various other subjects, such as Chinese language, general studies and civic education at the primary level, and biology, physics, history, geography and economics at the secondary level. For example, the bureau said, older primary pupils could learn to appreciate the importance of national security by understanding campus security, as well as being taught about historical events and the geography of mainland China. Hong Kong schools mark first National Security Education Day since law imposed Despite all the advice from the bureau, Eva said many teachers were still uncertain about the boundaries resulting from the security law and what they should look out for. “We wonder what can be taught and what is banned, and how far and deep we can go in approaching a topic,” she said. “We also don’t know what pupils will tell their parents about what they’ve learned at school. And what if some parents have strong political affiliations?” She said at least 10 of her friends and colleagues were either planning to leave or have already emigrated with their families as of last month. Dozens of pupils have also withdrawn from her school over the past six months, including many who moved overseas. A recent survey of 98 schools by the city’s biggest secondary school principals group found that the number of teachers who resigned to emigrate doubled last year compared to 2019. At least 37 educators quit and emigrated between July and November last year, compared with 18 over the same period of 2019, according to the Hong Kong Association of the Heads of Secondary Schools. More than 723 secondary school students withdrew from the 98 schools to move overseas, a 52 per cent increase from 2019. Teachers should ‘take police advice’ to comply with Hong Kong security law Secondary school principal Tony* said many schools had seen one or two teachers resigning in the middle of the school year – something that did not happen before. “In the past, most teachers usually would not resign in such a hurry,” he said. “But now, many are leaving immediately, or after giving just one month’s notice.” Taking care to avoid ‘red lines’ Some of the dozen teachers and school heads who spoke to the Post said they noticed increased scrutiny of school-based teaching materials this year. Concerned about the national security law, at least one school decided to do away with commemorative events such as talks marking the anniversary of Beijing’s crackdown on student protesters at Tiananmen Square on June 4, 1989. But education minister Kevin Yeung Yun-hung this month dismissed teachers’ concerns about the security law, saying they “need not worry” as long as they “love the country”. Asked if teachers could still tell their pupils about events such as the June 4 crackdown or discuss corruption in mainland China, he said teachers could use their professional judgment to decide. In one of his blog posts, Yeung said the fact that many teachers and students were arrested during the 2019 protests showed the need to strengthen concepts pertaining to national identity in schools. Official figures showed about 40 per cent of more than 10,000 people arrested were university or secondary school students, and more than 100 educators were detained. Hong Kong’s liberal studies to be renamed ‘citizenship and social development’ In October 2019, at the peak of the protests, as many as 350 secondary school student concern groups were formed with the aim of pushing for greater democracy. But with the introduction of the national security law, many have dissolved or disbanded, fearing reprisals from authorities. One of the most active groups, Ideologist, helped to organise at least two citywide class strikes along with other concern groups and urged their peers to stage campus protests. Spokesman Carson Tsang Long-hin, a Form Six student, said members discussed last June whether the group should stop operating but voted to carry on. “Even if we disbanded, the authorities could still arrest us if they wanted to,” said Tsang, 17. “Perhaps taking one step at a time and playing it by ear might be another way forward.” The group has about 10 members, all senior secondary school students. Tsang said the national security law had affected how they went about their activities now, as they had become cautious about crossing “red lines”. “When writing social media posts, we are now more careful and check for any wordings that might violate the security law,” he said. School materials must be ‘correct, impartial’; education minister pledges oversight University staff, students more cautious too Under the security law, universities also have to promote national security, although they have more leeway than primary and secondary schools and have not been issued specific guidelines by the authorities. The University of Hong Kong recently proposed forming a committee to probe alleged violations of academic freedom under the legislation, an idea one senior staff member described as “well intended”. Undersecretary for Education Choi Yuk-lin said last month the authorities would look into whether university management staff would be required to take an oath and swear allegiance to the city, after government school teachers were required to do so. Even before the institutions could roll out their plans, some have already noticed lecturers and students being more cautious in class. Lingnan University visiting assistant professor of cultural studies Ip Iam-chong said he noticed that local students appeared to have become more reticent about expressing their views on political issues in Hong Kong. “For example, last year when some mainland Chinese students were presenting about the 2019 protests … many local students were not really willing to respond, which felt weird as many of them had personally experienced the protests,” he said. Principals’ group speaks out against calls to install CCTV in Hong Kong classrooms Ip added that the university’s management had not issued teaching staff any guidelines or advice so far about teaching under the national security law. He said some of his colleagues had left Hong Kong in recent months and others were considering doing the same, worried about restricted academic autonomy under the law. Polytechnic University student union president Alan Wu Wai-kuen, a Year One student, recalled that the teacher of a class he took on Chinese politics was cautious with topics considered sensitive on the mainland, such as the Tiananmen Square crackdown and the human rights activist and Nobel laureate Liu Xiaobo. “He was discreet and reminded us that there were things which could be difficult to say publicly,” Wu recalled, adding that the lecturer touched on Tiananmen Square only briefly, although it was part of the course’s lecture notes. Outgoing president of Open University tells students to be engaged, but don’t cross line Hong Kong has already slipped significantly in a global ranking of academic freedom in universities for last year. Last month, the Germany-based Global Public Policy Institute’s latest index of academic freedom gave Hong Kong a score of 0.348 out of 1 (one) – down from 0.442 in 2019. This was lower than the score for Singapore, Russia and Cambodia. Scholars at Risk, a US-based network of more than 500 institutions in 40 countries that contributed to the report, cited the arrest of academics and students under the security law among concerns about the pressures on the higher education community in research and international collaboration. Those arrested include legal scholar Benny Tai Yiu-ting, as well as university lecturer and former opposition lawmaker Claudia Mo Man-ching. Fung Wai-wah, president of the 100,000-strong Professional Teachers’ Union, said he was concerned about the ongoing impact of the national security law on teachers and students. Not only might more of them emigrate, but fewer young people might be drawn to the education sector given the increasing restrictions and fears of “white terror”, he said. But Wong Kam-leung, chairman of the 40,000-member Federation of Education Workers and a primary school principal, disagreed, saying Hong Kong needed to plug the gap in safeguarding national security for the good of the country. “Teachers and schools, like others, have the responsibility to promote national security education,” he said. “Even though some parents may feel unnecessary fear and choose to emigrate, Hong Kong’s development is definitely going in a positive direction … Some of them might even come back.” Hong Kong teachers plan to police themselves over national security law Secondary school student and concern group leader Carson Tsang said he was among those who had no plans to leave Hong Kong, even though the future seemed gloomier now. “Many people have been put in prison for what we were fighting for [in 2019], while others had been on remand, prosecuted or fled overseas,” he said. “If I choose to emigrate at this stage only because of the negative mood, I would feel guilty. I would not want to give up at this stage.” *Names changed at the interviewees’ request More from South China Morning Post:Hong Kong marks National Security Education Day with anti-terrorism drills, weapons displays for students as top official urges resolve in defending ‘bottom line’Hong Kong schools under the national security law: no political songs, slogans, human chains, but what else is prohibited?Older Hong Kong students to learn about national security when studying range of subjects, including accounting, chemistry and even physicsThis article Will national security law force exodus of Hong Kong’s teachers, students over fears of shrinking academic freedom? first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021. headtopics.com

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Gen Y Speaks: A Stanford graduate, I quit the civil service to help transform my mum’s cleaning firm into a startup​I graduated with an economics and engineering degree from Stanford University in 2014. When I was studying in the United States, I had tried internships with McKinsey, Morgan Stanley, startups and the Government. I thought my future career would be at one of these. Today, I find myself running a small cleaning business and look forward to the challenge that each day brings.

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Awkwafina, Harry Styles show off Gucci handbags in James Corden 'talk show'The luxury house is celebrating its most beloved handbags with a fictional late-night talk show.