China's First Debutante Ball for "Red Princesses"
The excesses of communism!
Thirty years ago, the mention of a social ball would have made most Chinese cringe -- it was regarded as a typical derivative of capitalism.
However this year, Shanghai hosted its first International Debutante Ball, and an invitation to the high-society event is becoming the new status symbol in the city.
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China is becoming more like the US in the 1960s while the US is becoming more like China in the 1990s. I live in China and see that there is already more economic freedom here than in the US, however, I expected the levels of social and political freedom would not equal the US for some time, if at all. Now it looks like China doesn't need to increase social freedom, the US will pass this place going down thanks to Obama and Bush, the Lesser.