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Has the recent economic downturn affected your life? For many young Chinese, it has driven them to embrace a far more frugal (economical) lifestyle.

Wang Hao, 24, is a Beijing office worker. He made a resolution in June last year to limit his weekly living expenses to 100 yuan. That's the cost of eight Big Macs in China.

¡°The financial crisis has taught a spending lesson to young people in China, including me,¡± said Wang, who posted his resolution on his blog, which has drawn over 200,000 hits.

As the financial crisis affects the economy, white-collar workers speak of reducing salaries. Some are unemployed. And university students are facing the worst job prospects since China's economic reform began 30 years ago.