conspicuous consumption

An Anticlimactic End to the “Arctic Catfish” Scandal

After 200 days, the long-running “Arctic Catfish” scandal has reached a conclusion, dissatisfying and anticlimactic as it may be. It began after social media user “Arctic Catfish” (北极鲶鱼, Běijí Niányú), a young Chinese woman...

Souring on Shark Fin Soup

Shark fin soup, once considered by Chinese as a symbol of status and wealth and a must-serve at wedding banquets, is now receiving a cold welcome among the younger generation. From Bonnie Tsui at The New York Times: In 2006,...

In the Lap of Luxury Goods

Kevin Yeoh, a former Beijing-based fund manager with AMP Capital, sees potential profit lying in China’s luxury market. From Phillip Wen at Sydney Morning Herald: Yeoh warns that any sort of direct play requires research,...

The Stylish Side of China

Although some analysts are worried about a slowdown in China’s economy, including the luxury industry, some indicators tell a different story. As huge numbers of people, white-collar women in typical, have just entered the...

In China, Elites Follow Different Rules

Foreign Policy’s Christina Larson contrasts the plight of young professionals in Beijing with the conspicuous consumption and misbehavior of the children of China’s elites, suggesting that an inequality of privilege...

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