China’s rich are different: they don’t buy superyachts | Curio

China’s rich are different: they don’t buy superyachts

10 mins | Jun 10, 2019

Amongst the toys and accessories the abhorrent wealthy enjoy splashing their billions on, yachts are a firm favourite. Blake Schmidt, writing in Bloomberg Businessweek, looks at why the anti-corruption campaign implemented by Xi Jinping in China, is making conspicuous toys a hard sell for the elite Chinese.

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From Bloomberg Businessweek