China’s new rich learn to flaunt it – Jonathan Watts

From Guardian:

For decades it was a crime punishable by imprisonment or death. Then it became a mere social taboo to be furtively practised away from disapproving eyes. But now, being wealthy is a cause for celebration, prompting thousands of Chinese millionaires to come out of the closet.More than 20 years after Deng Xiaoping pronounced the end of communism with the phrase “to be rich is glorious”, a generation of self-made tycoons is starting to have the time, the money and the confidence to flaunt their good fortune.

They were evident at the Best of the Best gala dinner in Shanghai, where 20 of the wealthiest entrepreneurs joined hundreds of luxury goods providers at an awards ceremony for those judged best able to satisfy the country’s most expensive tastes.Quaffing cognac and champagne in the sumptuous setting of the Pudong Shangri La ballroom, the big players of the world’s fastest growing economy handed out honours to salesmen from leading global brands.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.