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    Posted July 5, 2014 by
    celebritypa
    Location
    Shanghai, China
    Assignment
    Assignment
    This iReport is part of an assignment:
    Your stories from the Middle East

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    The Explosion of China's Super-rich

     

    Everyone knows that China is an emerging power, but when the average Westerner thinks of China, they probably don't think of super-wealthy tycoons or industry leaders. But the fact is that China's rapid growth is producing a new breed of ultra-wealthy, which I get to experience every time I visit clients in Hong Hong, Shanghai and Beijing.

     

    Uber-luxurious 5-star restaurants are popping up everywhere to try to capitalize on the insatiable appetites of the new rising classes. The hottest trend is having a private "VIP room" to enjoy meals that can cost upwards of $300 per person.

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