INTERNATIONAL BUSINESS TIMES uk NOTICEBOARD My account Log Out May 29, 10:45 PM BST Business Latest News UK News Personal Finance Tech and Science Work Life Women in Business Travel Real Estate NOTICEBOARD My account Log Out UK Edition Business Latest News UK News Personal Finance Tech and Science - Science - Cybersecurity - eSports - Artificial Intelligence Work Life - Retail - Hospitality - Healthcare - Motoring - Finance & Banking - Sports Betting Women in Business Travel Real Estate Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NOTICEBOARD Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States World 'Laoqianfeng' Is China's 'Quiet Luxury': Here's How The Ultra Rich Are Redefining Status Symbols Status symbols are a common trend in China By Danielle Summer @DanielleSummerr Published 05/29/24 AT 9:45 PM BST Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket Brands, like Louis Vuitton, are staging special events and handing out perks to VICs –- an acronym for Very Important Clients. Hector RETAMAL/AFP In China, the wealthiest millennials are showcasing their achievements through unique and understated status symbols, moving away from traditional ostentatious displays of wealth. As millennials, those in their late 20s to early 40s, reach significant life milestones, many are prioritising career .