Wealthy kids should learn lessons of life

There are a variety of training programs targeting the wealthy second-generation in China; courses ranging from financial statement analysis, international trade and the performance of listed companies, to golf, horse riding, ballroom dancing and Sinology.

The diversity of these dazzling offerings just goes to show that the country doesn't know how to educate the offspring of the rich.

China's economy is still taking off, and the generation that "got rich first", have only amassed their wealth relatively recently. American families, such as Rockefeller and Ford, have enjoyed their spoils for more than a century. Educating the offspring of the rich has an even longer history in the Britain and Europe.