Chinese people are slowly returning to poverty. Yesterday, I heard about a relative's son who started a business and within ten months, he depleted the cash flow that their family had accumulated from running a small factory for over 20 years.
The money he got from his father was around 500, and when he didn't want to close down, he also took money from his mother that she had saved her entire life.
The family was originally quite well-off (they had a house, large aluminum alloy, and a factory), but this blow to their morale was still quite significant.
Therefore, people back home are still willing to spend this cash flow on their children's weddings. Once the wedding is done, they feel more settled and won't spend money carelessly without a sound.
