On this blog we do a lot of talking about the rise of China's big spenders but one of the flashiest symbols of this new luxury in China is getting a bit of a paring down. When the Millionaire Fair first came to Shanghai in 2006 it showed off multi-million dollar villas, private islands, yachts, a 30-carat diamond, rare wines and a gold bathtub.
Now the event, branded simply as The Fair, will run October 10-12 and include a "roundtable on China's well-being and charity." It will still be a gathering of wealthy Chinese but it will focus on more than just extravagant spending but will also talk about issues affecting the new wealthy such as philanthropy, collecting, investing and inheritance issues.
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