China's Rich and Mostly Anonymous Spent $26 Billion Last Year — For Fun

China’s more affluent provinces and cities—Guangdong, Shanghai, Beijing, Zhejiang and Jiangsu—have the highest proportion of newly minted millionaires and billionaires in the country. And along with the only slightly less privileged they’ve made a significant impact on the global luxury market, dishing out $26 billion last year on capitalist trappings…