Fuerdai
Fuerdai (Chinese: 富二代; pinyin: Fù'èrdài; lit. 'rich second generation') is a Chinese term that refers to the children of the nouveau riche in China.[1][2] This term, generally considered pejorative, is often invoked in the Chinese media and everyday discussions in mainland China, as it incorporates some of the social and moral problems that are associated with modern Chinese society.[3][4]
Fuerdai are sons and daughters of the Chinese nouveau riche of the early years of China's reform era from the late 1970s onward.[5] During the new era, in which private initiative could be rewarded by wealth, many new rich Chinese emerged in the former-socialist Chinese society. While such wealthy individuals may have reached their new socioeconomic position either through their own initiative and efforts or by becoming powerful members of the ruling party, their children often enjoy a comfortable lifestyle and have a much easier and obstacle-free life path.[6][7]
Most wealthy Chinese send their children abroad for their education.[2] This especially true in the United States and parts of Canada, where it is very common seeing well-off Chinese students attending universities driving expensive cars and wearing brand name clothing and gadgets which have price tags that are out of reach for the vast majority of North American students.[8][9] Universities look favorably upon this kind of international student, as they generate more revenue and tend to pay higher tuition fees.
The term has also seen limited use a general label for anyone with rich parents and enjoyed a privileged upbringing as a result. Non-Chinese figures, such as Fidel Castro and Donald Trump, have been described by Chinese media as fuerdai.[10]
References
- ^ Ford, Rebecca. "'Crazy Rich Asians' Author on Extravagant Chinese Spending Habits: "It Was Like Giving a Pubescent Kid an Amex Black Card"". Hollywood Reporter. Retrieved 25 November 2016.
- ^ a b Fan, Jiayang. "The Golden Generation Why China's super-rich send their children abroad". New Yorker. Retrieved 25 November 2016.
- ^ Jemimah Steinfeld (28 February 2015). Little Emperors and Material Girls: Sex and Youth in Modern China. I.B.Tauris. pp. 57–. ISBN 978-1-78076-984-4.
- ^ Shyong, Frank. "To be young, rich and Chinese in America: Amid all that flashy spending, a sense of loss". Los Angeles Times. Retrieved 25 November 2016.
- ^ "Check Out the Insanely Lavish Lives of the Rich Kids of China". Cosmopolitan. 2016-04-14. Retrieved 2016-11-25.
- ^ "Children of the Yuan Percent: Everyone Hates China's Rich Kids". Bloomberg. September 30, 2015. Retrieved December 13, 2015.
- ^ Xiang, Nina. "Are China's Fuerdai Wisely Investing, Or Wasting Their Parents' Money?". Forbes. Retrieved 2016-11-25.
- ^ "Young, rich and Chinese: it's life in the fast lane for the emerging class of fuerdai". South China Morning Post. Retrieved 25 November 2016.
- ^ "Chinese Students Major in Luxury Cars". Bloomberg. December 19, 2013. Retrieved December 13, 2015.
- ^ "卡斯特罗：反叛的富二代". Sina Images. February 18, 2014.
External links
- "Fuerdai - The New Agents of Value Deterioration", an article published by the Thinking Chinese portal.
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