Definitely not true... Maybe in Hong Kong since it was a colony. No one in my grandparents or parents generation (50-90 years) ever heard of them. None of my cousin's (20-40) cared for them, mostly just said it sounds like kid songs or noise to them lol
You have to understand those "boomers."
After World War 2, and all the American G.I. Joe returning home, there was a baby boom in America.
America was riding high in the world at that time, and this new generation being born become the majority in America at it heights a few decades later.
The boomer generation only knew growth, prosperity, America going up, their generation really was the best and brightest perhaps in all of human history.
Anything was possible for the boomers.
Nothing was going to replace the power, prestige, and influence of the boomers when they were in charge.
In the meantime, comrade Deng Xiaoping did the reforms.
Then the 2008 financial crisis happened.