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Fuerdai
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. 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.
The Chinese economic reform in the late 1970s has enabled some to accumulate great amounts of wealth. 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.
Many wealthy Chinese send their children abroad for their education. In the United States, Europe, Australia, and parts of Canada, well-off Chinese international students ostentatiously consume products that are too expensive for almost all North American and European students. Universities view such students favorably, since they pay higher tuition fees.
The term "Fuerdai" literally translates to 'rich second generation'. It describes Chinese people born into families of high socioeconomic status, who inherited their wealth but did not create it.
The term is often used in a derogatory manner, with emphasis on their overindulgent lifestyles and materialistic attitudes.
There is an alternative conception of Fuerdais as productive and educated individuals who contribute to the Chinese economy. In this view, some Fuerdais are not merely indulging in a lavish lifestyle, but sustaining and further increasing their inherited wealth. In response to the pejorative "Fuerdai", another term "Chuangerdai" (创 二代) emphasizes the entrepreneurial attitudes of those born into wealth.
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 Fuerdais.
The Fuerdai generation emerged two decades after China's economic reform in 1978. Amid the mass migration of rural Chinese to urban regions, policies such as the Open Door Policy enabled China's economy to grow quickly. Growing investment and international trade enabled some to accumulate large amounts of wealth, including those who had previously been poor; they are called the "Fuyidai" (Chinese: 富一代; pinyin: Fùyīdài; lit. 'rich first generation'; [fû.ítâɪ]).
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Fuerdai
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. 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.
The Chinese economic reform in the late 1970s has enabled some to accumulate great amounts of wealth. 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.
Many wealthy Chinese send their children abroad for their education. In the United States, Europe, Australia, and parts of Canada, well-off Chinese international students ostentatiously consume products that are too expensive for almost all North American and European students. Universities view such students favorably, since they pay higher tuition fees.
The term "Fuerdai" literally translates to 'rich second generation'. It describes Chinese people born into families of high socioeconomic status, who inherited their wealth but did not create it.
The term is often used in a derogatory manner, with emphasis on their overindulgent lifestyles and materialistic attitudes.
There is an alternative conception of Fuerdais as productive and educated individuals who contribute to the Chinese economy. In this view, some Fuerdais are not merely indulging in a lavish lifestyle, but sustaining and further increasing their inherited wealth. In response to the pejorative "Fuerdai", another term "Chuangerdai" (创 二代) emphasizes the entrepreneurial attitudes of those born into wealth.
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 Fuerdais.
The Fuerdai generation emerged two decades after China's economic reform in 1978. Amid the mass migration of rural Chinese to urban regions, policies such as the Open Door Policy enabled China's economy to grow quickly. Growing investment and international trade enabled some to accumulate large amounts of wealth, including those who had previously been poor; they are called the "Fuyidai" (Chinese: 富一代; pinyin: Fùyīdài; lit. 'rich first generation'; [fû.ítâɪ]).