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China s Spoilt Rich Kids Behave As They Try To Avoid Xi Jinping s Wrath
China s rich kids have started to understand that it s better to keep their heads down, particularly after President Xi Jinping s government started targeting billionaires in the past few years.
Updated: December 11, 2020 10:05 am IST
Under Xi, China is no longer in catch-up mode, said Enodo Economics chief economist Diana Choyleva.
Over the years, China s rich kids have become synonymous with obscene displays of wealth: Posing next to Bentleys and Lamborghinis, showing off stacks of yuan on social media and giving pets gold Apple watches, to name a few. ....

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