Interesting to hear how culture in China is rapidly changing, even if this is from a capitalist perspective. Main takeaway beyond the generational cultural shift is that there is an active effort by the government to reign in excess. The anti-corruption campaign continues.
I find it interesting how there were [and still are] many parallels between Chinese and Japanese business cultures since the reform and opening up began. But China changes [for the better] while Japan has reamined mostly the same, even with the coming and going of generations and economic boons and, mostly, busts.