The Ultra Rich Asian Girls of Vancouver' help explain why China has a unique 1% problem

rich asian girls of Vancouver

(YouTube, The Rich Asian Girls of Vancouver) A scene in "The Ultra Rich Asian Girls of Vancouver."
Ever since China started growing rich, it has had rich-people problems.

True, every nation has issues with income inequality. But rich-people problems in a communist country are different.

In this week's issue of The New Yorker, writer Jaiyang Fan gives us an in-depth look at one source of the trouble.

Fan profiles a number of the children of China's superrich who've been sent to study and live abroad.

They're called fuerdai.

In this case, the kids are living in Vancouver (though the scene is also repeated in cities like Singapore and London).

They come with all the accessories of the global jet set — incredible cars, massive houses, and their own reality YouTube show. (It's called "The Ultra Rich Asian Girls of Vancouver.")

The problem, though, is that they don't necessarily feel Chinese, and their parents don't want them to come home. The parents want social and political stability for their children (and the assets their children take with them).

As one protagonist in the story, a 26-year-old named Pam, put it:

“The thing is, I’m not sure I’d fully fit in there now,” she said slowly. “I lack my parents’ Chinese business know-how. Westerners are all about being straightforward and direct. But, when you negotiate a deal in China, it’s all about what’s unsaid, simultaneously hiding and hinting at what you really want. In China, I’m treated like a naïve child, and sometimes I feel like an alien.”

Another woman said that her father said it would be better that she stay in Canada, rather than come home and ruin the family business.

Conform or die

It's a problem because the fuerdai's high-profile disconnection from the Chinese Communist Party comes at a time when the country can't afford large-scale brain drain and capital flight. It can't afford unrest. It needs everyone to pull in the same direction.

That is because China is trying to manage a major economic transition in the midst of a major economic slowdown. It's going to require painful change.

Brookings Institute senior fellow Jeffery Bader said President Xi Jinping's growing encroachment into all facets of Chinese life is a way for him to prepare for "the massive disruptions that the economic reform program will bring."

President Xi Jinping knows this, and has been trying to shore up power and strengthen the Chinese identity any way he can — even to those abroad. Since taking office, he's made a big push for shutting out Western thinking and replacing it with a modern version of what Communist Party founder Mao Zedong presented as "dialectical materialism."

To recap, dialectical materialism was the official philosophy of the Soviet communists. Mao Zedong, the founding father of the People's Republic of China, later outlined his own version of the philosophy in a 1937 essay. Basically it encourages people to fall into the party line.

This idea is all over state media. Xi said in one meeting that "studying dialectical materialism and historical materialism will help CPC members get better understanding of Marxist philosophy."

This is his way of re-anchoring China philosophical thought in Maoist principles. He is telling everyone, "Get with the program."

Don't even think about escaping

This all may sound very intangible, but Beijing has put it in practice by targeting high schools, universities, and think tanks, and pressuring Western-sounding academics to change their tune.

"Think tanks should stick to Marxist ideology, follow the CPC's leadership and provide intellectual support to help rejuvenate the nation," said a report by Chinese state-media agency Xinhua.