In China, the rich are now abandoning flashy cars and expensive suits as ways of showing off how rich they are. Bicycles are now used to do just that — the more expensive and the rarer your bike, the richer you appear.

Even though China is known for being the world’s biggest automobile market, sales of high-end bikes increase by 10 percent a year.

Yiqun Yu rides his favorite bike to work every day — a 100,000 RMB (US$16,000) Alex Moulton. Mr. Yu is a creative director at an advertising firm.

His favorite bike is only one of the 35 high-end bicycles this 40-year-old man owns.

“It might be the only one in Beijing. It’s like the Rolls-Royce of bicycles: very classical, purely handmade.”

Mr. Yu belongs to a seemingly new trend or culture in China — wealthy people trying to change their lifestyles. Becoming more health-conscious, they now ride their expensive bicycles rather than drive.

“The high-end sector is going to be the major source of growth in the Chinese market. In China, bikes are more than just a means of transportation. They have become a fashion,” Terry Liu, an analyst at Fubon Research in Taiwan, said.

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Renz Baxa

Renz Baxa

Lawrence Baxa, or Renz as his friends call him, is a writer living in the Philippines. He admits that even though he is new to the writing industry, he is very willing to learn and improve as a writer. Renz loves to play basketball, and spends most of his time in front of the computer; surfing the net and playing online games. He dreams to be a well – known chef someday. He also serves their parish by holding youth camps and helping in events that help other children become closer to God.