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Debutantes from a local academy laugh as they get ready to take part in the Vienna Ball at the Kempinski Hotel on March 19, 2016 in Beijing, China. The ball, which is an event organized by the luxury Kempinski Hotel chain and the City of Vienna, brings together both Chinese and foreign members of the capital's elite class. Despite a slowing economy, private wealth has soared in China after decades of rapid growth. A record number of high net worth individuals and families has fuelled a market for luxury goods, services, and events catering to China's burgeoning elite class. (Photo by Kevin Frayer/Getty Images)
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