Sex Partying, Ferrari-driving, money-burning ...China's Second Generation of super-rich, Spoiled Brats
Their dogs wear gold Apple Watches. They smash up supercars like they are toys. They boastfully post pictures of their bank statements online. They hide behind their parents' clout when they get in trouble with the law. And they make the Rich Kids Of Instagram look like penny-pinchers.
They are China's young 'fuerdai', which translates as 'rich second generation'. And many in the country – including Chinese President Xi Jinping – fear that their money-burning lifestyles are getting dangerously out of control.
<<Print>>