Flaunt your wealth, or “falling stars,” has become an online craze in China. Posing in bizarre situations as if tripping from their luxury cars, rich kids are jostling to be photographed surrounded by their money, designer brands and jewelry.
As an analogy of the broader economy, it has merit.
Official data points to a distinct “stumble,” real or imagined, in a number of key areas. In September, profit growth at China’s industrial companies dipped for the fifth consecutive month. Read More…
