China hit by trade war? Jimmy Choo and Versace still sell like hot cakes

But if history is any guide, the wealthy are often the last to feel an economic downturn

If China’s economy is weakening, someone forgot to tell Jasmine Wang.

“My parents haven’t asked me to cut back my spending,” says Wang, a 22-year-old graduate student in Beijing who collects limited-edition fragrances from brands like Chanel and Guerlain that can cost up to $300 each. She said her parents are paying her monthly bills of about 6,000 to 8,000 yuan ($1,186) and will keep supporting her if she struggles to find a job.

Wang is just one member of China’s Generation Z trying to find her way in a country of 1.4 billion, but her story gets to the conundrum facing