The Red Royalty: A Look at China's Elite - An FP Slideshow

As China's economy continues to trend downward, Beijing's elites are sparking a new, palpable frustration in the general population.

DECEMBER 21, 2011

Despite China's astonishing economic growth, it has gotten harder for the average person to get by, especially in bigger cities. When most people can't depend on their annual pay to keep pace with China's official rates of inflation, it's no wonder that salacious reports of China's Paris Hilton-types -- the sons and daughters of the wealthy and political elite -- are generating negative reactions.

Here, a sales representative shows a 24,000 USD 22-carat gold thread mattress and matching 1,000 USD 22-carat gold thread pillows made by the Italian firm Magniflex at a luxury goods fair in Shanghai on Oct. 10, 2008. The three day event 'The Fair'  was re-named from the former 'Millionaires Fair,' and it hopes to attract more than 15,000 wealthy Chinese to view the luxury cars and goods on display.

MARK RALSTON/AFP/Getty Images