A smartphone for 7,000 yuan ($972), an iPad for 5,000 yuan ($694), driving lessons for 3,000 yuan ($416), college application consulting services for 2,000 yuan ($277), plus a 6,000-yuan ($833) graduation trip—when Xu Mengmeng, a fresh high school graduate from Hebei Province, tallied her recent expenses, she was startled by how much she’d spent in just half a month after taking the gaokao, the national college entrance examination, which ran from June 7 to 9 in Hebei this year. Yet in the wave of post exam spending sprees, such bills have become commonplace. In fact, Xu’s consumption barely stands out among her peers.
The biggest chunk of Xu’s bill comes from her spending on electronic products, including a smartphone, iPad and laptop.
“These three things are pretty essential for college…
