China
cracks down on adverts promoting luxury gifts -The
Chinese government has outlawed television and radio
adverts that promote buying expensive and luxury gifts,
amid an ongoing crackdown on graft and excess.
(link to full story)
China's
rich help private jet market take flight (click
for details)
Gap
between China's rich and poor 'threatening economy ' -
China's growing divide between rich and poor is
threatening its economic as well as its social health, a
United Nations report says. (click
for details on the Telegraph, UK)
Rich
Chinese consider leaving China - More than half of
Chinese "new rich" said they want to leave the country
and are considering buying citizenship elsewhere,
according to a new report. (click
for details)
China
bans luxury advertising in Beijing - Beijing has
moved to banned billboards promoting a luxurious
lifestyle over concerns that the endless advertisements
are reminding people of the wealth gap. (click
for details on the Telegraph)
Wen Sees
Billionaires in China Congress as Wealth Gap Widens (click
for details)
China's
Growing Income Gap - Billions in unreported income
for the wealthy and a system that blocks health and
pension benefits for migrants mean the income gap is
wider than acknowledged (click
for full report on Bloomberg)
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