The headline of an article in the newspaper yesterday went,
"Chinese try to live on less than £10 a week to cope with downturn:
Tens of thousands of Chinese people have taken up a challenge to live on the equivalent of less than £10 per week".
Tens of thousands of Chinese people have taken up a challenge to live on the equivalent of less than £10 per week".
In the midst of an economic downturn, there will always be people who would come up with ideas to overcome it. I read that a man by the name of Wang Hao challenged people to live on as little as RM53 a week. Initial response wasn't that good but things seem to be picking up.
By Malcolm Moore in Shanghai
Last Updated: 9:58AM GMT 23 Mar 2009
As the country lurches into the economic gloom, workers who once thought nothing of buying designer trinkets and taking taxis to the office are quickly tightening their belts.
In the glitzy coastal cities of Beijing and Shanghai, huge numbers of office workers are eschewing expensive Western brands for traditional, and cheap, Chinese products.
As the country lurches into the economic gloom, workers who once thought nothing of buying designer trinkets and taking taxis to the office are quickly tightening their belts.
In the glitzy coastal cities of Beijing and Shanghai, huge numbers of office workers are eschewing expensive Western brands for traditional, and cheap, Chinese products.
More than 100,000 people have now signed up to the "100 yuan challenge", an experiment to see whether it is possible to live on under £10 a week in modern China.
Wang Hao, the 24-year-old who came up with the idea, said he wanted to persuade "high-earning, big-spending people" to embrace a simpler life.
The challenge spread through the internet after it was posted on one of China's top websites, Soufun.com. At the beginning, only six people responded to Mr Wang's call. Even Mr Wang himself failed the challenge in the first week.
Wang Hao, the 24-year-old who came up with the idea, said he wanted to persuade "high-earning, big-spending people" to embrace a simpler life.
The challenge spread through the internet after it was posted on one of China's top websites, Soufun.com. At the beginning, only six people responded to Mr Wang's call. Even Mr Wang himself failed the challenge in the first week.
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Well! What say you? Are you up to the challenge of trying to live on RM50 a week (living expenses only exclusive of house loans, car loans and insurance payments)? If yes, do write to tell me how well you have coped.
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