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Opinion
Is the Chinese dream replacing the American dream?
China appears to offer something that many young people in the West struggle to find: a functioning middle-class lifestyle
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Dr Ken Ip is an assistant professor specialising in business innovation and entrepreneurship at Saint Francis University, Hong Kong.
For much of the 20th century, the “American dream” was perhaps the most successful export in human history. It reached far beyond American borders. Millions of people around the world, including generations of Chinese families, believed in its promise. Study hard. Work hard. Build a career. Buy a home. Raise a family. Create a better life than the previous generation.
The dream was never about becoming rich. It was about becoming comfortably middle class. For decades, that vision helped define America’s global appeal. Chinese students competed for places at US universities. Professionals sought jobs in New York and Silicon Valley. Parents encouraged their children to learn English because the future seemed to point west.
Today, something remarkable is happening. A growing number of young Westerners are developing an interest in China. This is not because they have suddenly become experts on Chinese politics or economics. Rather, they are responding to something much simpler: the possibility that an ordinary income can still support an ordinary life.
In cities across China, some Westerners see something that feels elusive in their own countries: affordability, convenience and a sense that the future might be getting better rather than worse.
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