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Chinese Youth Embrace Early Retirement as Economy Slows

Yahoo Finance •
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Young Chinese professionals are increasingly relocating to remote developments like the 'Life in Venice' complex in Jiangsu province to retire early, paying as little as $168 monthly rent. This trend, fueled by China's economic slowdown and the grueling 996 work culture, sees individuals like Sasa Chen, a former high-earning Shanghai finance worker, seeking affordable living. Home prices at the massive development have more than halved since the property market downturn, making such early retirement feasible. The shift represents a stark reversal from previous generations chasing megacity opportunities, now prioritizing rest over relentless career advancement.