I often feel that our generation stands on the cusp of history and the future: Many of our predecessors experienced opportunities—the resumption of the college entrance examination, township and village enterprises, the arbitrage opportunities of the dual-track system, the wave of people leaving their hometowns in 1992… These are the seven waves that allowed ordinary Chinese people to “defy fate,” but for those born in the 1990s, it was a chapter in history marked by “being born at the wrong time.” When we were born, the rules were already set; when we grew up, the benefits were stabilizing; when we entered the market, the barriers to entry were already high. 💡