Sunday, February 11, 2007

Valentine's Day in China

Don't tell my wife; she's getting dinner and flowers.

China's rich spend big to celebrate Valentine's Day
SHANGHAI (Reuters) - Once considered a symbol of the decadent West, Valentine's Day is becoming big business in newly affluent China.

Nowhere more so than in Shanghai, China's showcase city for the economic reforms of the last three decades, a financial hub which is once more rediscovering its glory pre-World War II days when it was known as the Paris of the East.

This Valentine's Day, Shanghai banker Richard Fan will be buying his wife a 40,000 yuan ($5,146) Cartier wrist watch.

"I think it's a better gift than some 10,000 or 20,000 yuan ($1,300-$2,600) meal," said Fan, 37.

"A gift you can use daily looks much more concrete," he added, blithely.


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