China Cracks Down on Wealth Flaunting Influencers

China is cracking down on social media influencers who flaunt their wealth, with accounts being blocked for showcasing luxurious lifestyles. The Cyberspace Administration aims to curb "wealth-flaunting" behavior to address social discontent amid an economic slowdown and competitive job market. This move is part of broader efforts to combat undesirable social trends and promote a more grounded and focused youth culture.