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Agreed. I don't know about this. My 11yo niece in China doesn't fit this mold. She has want for nothing, but isn't spoiled at all. In fact, I think she is probably more independent than I was at her age. Also, she can play piano, drums, and rollerblade really well to boot. I'm sure that plenty of wealthy Chinese coddle their only children into spoiled brats, but I think parents are the same all around. There are good ones, and there are bads ones.
I do think that due to the disparity, a stereotype like this must play very well into public sentiment. Bad food and air are an issue, and people with the means to minimize the risk do so, but I don't think there is anything odd in that.