Second-generation rich Chinese
Fuerdai (Chinese : 富二代 ; pinyin : Fù'èrdài ; lit. 'rich second generation'; [fû.âɚtâɪ] ) is a Chinese term for the children of the nouveau riche in China .[ 1] [ 2] [ 3] 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 associated with modern Chinese society.[ 4] [ 5]
The Chinese economic reform in the late 1970s has enabled some to accumulate great amounts of wealth.[ 6] While the Fuyidai, the parents of the Fuerdai, may have reached their new socioeconomic position either through their success in business or through political connections, their children often enjoy a comfortable lifestyle with an obstacle-free life path.[ 7] [ 8]
Many wealthy Chinese send their children abroad for their education.[ 2] In the United States , Europe, and parts of Canada , well-off Chinese international students ostentatiously consume products that are too expensive for almost all North American and European students.[ 9] [ 10] Universities view such students favorably, since they pay higher tuition fees .[ 11] [ 12]
^ Sun, Rebecca (November 4, 2016). " 'Crazy Rich Asians' Author on Extravagant Chinese Spending Habits: "It Was Like Giving a Pubescent Kid an Amex Black Card" " . The Hollywood Reporter . Archived from the original on November 25, 2023. Retrieved November 25, 2016 .
^ a b Fan, Jiayang (February 22, 2016). "The Golden Generation: Why China's super-rich send their children abroad" . The New Yorker . Archived from the original on February 29, 2024. Retrieved November 25, 2016 .
^ Hakim, Danny; Abrams, Rachel (April 18, 2017). "Ivanka Trump's Global Reach, Undeterred by a White House Job" . The New York Times . Archived from the original on April 19, 2017. Retrieved April 19, 2017 .
^ Steinfeld, Jemimah (2015). Little Emperors and Material Girls: Sex and Youth in Modern China . Bloomsbury Academic. p. 57. ISBN 978-1-78076-984-4 .
^ Shyong, Frank (August 13, 2016). "To be young, rich and Chinese in America: Amid all that flashy spending, a sense of loss" . Los Angeles Times . Archived from the original on February 5, 2023. Retrieved November 25, 2016 .
^ Bruk, Diana (April 14, 2016). "Check Out the Insanely Lavish Lives of the Rich Kids of China" . Cosmopolitan . Archived from the original on December 7, 2022. Retrieved November 25, 2016 .
^ Beam, Christopher (September 30, 2015). "Children of the Yuan Percent: Everyone Hates China's Rich Kids" . Bloomberg. Retrieved December 13, 2015 .
^ Xiang, Nina (October 19, 2015). "Are China's Fuerdai Wisely Investing, Or Wasting Their Parents' Money?" . Forbes . Archived from the original on May 22, 2021. Retrieved November 25, 2016 .
^ "Young, rich and Chinese: it's life in the fast lane for the emerging class of fuerdai" . South China Morning Post . Associated Press. August 19, 2016. Archived from the original on November 29, 2022. Retrieved November 25, 2016 .
^ Higgins, Tim (December 19, 2013). "Chinese Students Major in Luxury Cars" . Bloomberg. Retrieved December 13, 2015 .
^ "Annual Financial Statements – The University of Queensland" (PDF) . Annual Report . 2020. ISSN 1837-6606 . Archived (PDF) from the original on July 19, 2020. Retrieved July 19, 2020 .
^ Robinson, Natasha (August 20, 2019). "Australian universities risk catastrophe due to over-reliance on Chinese students, expert warns" . ABC News . Archived from the original on June 18, 2020. Retrieved July 19, 2020 .