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They're also more financially bestowed, and therefore more careless about spending.With growing encouragement especially in the holiday season, shopping to some, seems to have become a competitive sport. I go shopping every weekend and spend 5 to 10,000 yuan each time. I feel like a shopaholic sometimes.†I usually spend 10 or 20,000 yuan on clothes and cosmetics each month. And I shop online almost everyday and spend about 10,000 yuan a month.â€Young Chinese people today are more confident about spending. Just like the country's rapidly expanding economy, their pursuit for a higher standard of life quality has reached new heights. This new generation of Chinese is a growing force of China's GDP, but are their consumption habits sustainable for themselves in the long term?For years, the country has been trying to remodel its economic pattern to one that relies more on consumption than exports. With such a new direction, it's expected that by 2020 consumption in China will account for 60 percent of GDP. Young people's fierce spending habits are much needed by the economy, however, not everyone finds this new lifestyle affordable. Beijing is a very expensive city. It's very difficult to save money when I'm spending so much. I don't have any fianancial plans. For young people it's very stressful to live in big cities. There's barely any money left for any sort of investment. My priority for now is buying a house. With such concerns - but still attracted to the new consumer lifestyle - financial awareness is slowly on the rise. Generally speaking young people these days are more aware of financial investment, but they have very little wealth to manage compared to older clients. They tend to spend more than they have. 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