Fuerdai

Fuerdai (Chinese: 富二代; pinyin: Fù'èrdài; lit. 'rich second generation'; [fû.âɚtâi]) 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]

Fuerdai are the sons and daughters of the Chinese nouveau riche of the early years of China's reform era from the late 1970s onward.[6] 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.[7][8]

Many wealthy Chinese send their children abroad for their education.[2] This is especially true in the United States, Europe, and parts of Canada, where it is common to see 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 and European students.[9][10] Universities look favorably upon this kind of international student as they generate more revenue and tend to pay higher tuition fees.[11][12]

The term has also seen limited use as a general label for anyone with rich parents and who 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.[13]

See also

References
  1. Ford, Rebecca (4 November 2016). "'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.
  2. Fan, Jiayang (22 February 2016). "The Golden Generation Why China's super-rich send their children abroad". New Yorker. Retrieved 25 November 2016.
  3. Hakim, Danny; Abrams, Rachel (18 April 2017). "Ivanka Trump's Global Reach, Undeterred by a White House Job" – via NYTimes.com.
  4. 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.
  5. 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.
  6. "Check Out the Insanely Lavish Lives of the Rich Kids of China". Cosmopolitan. 2016-04-14. Retrieved 2016-11-25.
  7. "Children of the Yuan Percent: Everyone Hates China's Rich Kids". Bloomberg. September 30, 2015. Retrieved December 13, 2015.
  8. Xiang, Nina (19 October 2015). "Are China's Fuerdai Wisely Investing, Or Wasting Their Parents' Money?". Forbes. Retrieved 2016-11-25.
  9. "Young, rich and Chinese: it's life in the fast lane for the emerging class of fuerdai". South China Morning Post. 19 August 2016. Retrieved 25 November 2016.
  10. "Chinese Students Major in Luxury Cars". Bloomberg. December 19, 2013. Retrieved December 13, 2015.
  11. Annual Financial Statements - The University of Queensland (PDF). 2020. ISSN 1837-6606.
  12. Robinson, Natasha. "Australian universities risk catastrophe due to over-reliance on Chinese students, expert warns". ABC News.
  13. "卡斯特罗：反叛的富二代". Sina Images. February 18, 2014.
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