On August 29, 2010, Nanjing’s Jinling Evening News reported that a two year-old girl called “Niu Niu” had become the country’s latest example of “second-generation real estate holding,” or fang erdai (房二代), in which families invest in the real-estate market by purchasing homes in the name of their children. Niu Niu’s parents reportedly bought her a 300 square-meter villa valued at over four million yuan. Her parents and grandparents all work for a state-run monopoly enterprise, according to Chinese media reports. In this cartoon by Cao Yi (曹一), originally published in the Wuhan Morning Post, the artist depicts Niu Niu sitting atop a large home being carried off by members of her family.

David Bandurski

CMP Director

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