Young Chinese are looking for dupes and cheaper substitutes for everything from Hermès to travel

Hermes; Getty Images; Chelsea Jia Feng/BI

• Chinese consumers are opting for affordable alternatives across various categories to save money.
• The trend, known as pingti, is driven by economic challenges and is popular among young people.
• Consumers are finding cheaper substitutes for luxury goods, everyday items, and even healthcare.

Chinese consumers are on a budget and they're not just scrimping on fashion.

It's now become a trend in China to save on nearly every consumer category...