China’s Spoiled Rich Kids Learn to Avoid the Wrath of Xi Jinping

China’s Spoiled Rich Kids Learn to Avoid the Wrath of Xi Jinping

Over the years, China's rich kids have become synonymous with obscene displays of wealth: Posing next to Bentleys and Lamborghinis, showing off stacks of yuan on social media and giving pets gold Apple watches, to name a few.These days, however, that's become more of an exception than the rule. Yes, they still hoard luxury goods and order $500 bottles of champagne, and occasionally somebody sparks outrage by driving a Mercedes into the Forbidden City. But on the whole they're starting to understand it's better to keep their heads down, particularly after President Xi Jinping's government started targeting billionaires in the past few years.

“We learned how to behave when we saw our friends' families taken down and jailed,” said Tu Haoran, 32, founder of Fantasy Entertainment, one of China's largest DJ agencies. “There have been too many cases around me since 2016. Everyone is playing the low-profile card now. You don't have to let the world know that you make some money. What's the point of being high-profile?”Things are set to become more