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The son of a Chinese billionaire has been banned from flying first class, playing golf, buying property, or going clubbing
Wang Sicong, the heir of Chinese real estate mogul Wang Jianlin's estimated $12.5 billion fortune, is said to have a personal debt of $21.6 million.
Coco the Alaskan malamute is now the proud owner of eight new iPhone 7 models. And it's all thanks to Wang Sicong, the son of a billionaire.
A government-issued ban restricts celebrity offspring from appearing in reality TV shows.
"China needs to drop the fantasy of keeping a high growth rate of 7% or 8% and just accept 6%, 7%, or even 5% percent."