A Chinese woman has reportedly paid a whopping 4 million Yuan ($585,000) to buy a new pet dog.

The 18-month old dog, a Tibetan mastiff measuring 80cm high, is now believed to be the world’s most expensive dog.

The Chinese woman revealed that her ‘priceless pet’ had been named ‘Yangtze River Number Two’ and added: ‘Gold has a price, but this Tibetan mastiff doesn’t.’

A new report has revealed that Beijing has the maximum number of rich people in China.

The latest Hurun Report on China’s wealthiest people said that there are 143,000 (yuan-)multimillionaires and 8,800 billionaires in Beijing.

In Shanghai, there are 116,000 multimillionaires and 7,000 billionaires, reports the China Daily.

Sold by a jewelry store in China’s Jiangsu province, this expensive stool is made of 110 lbs of solid gold and is priced at $1.3 million.

For all those brides who wish to look like a Peacock on their wedding day, your dream can now become a reality.

A model recently presented a wedding dress decorated with 3,999 peacock feathers at the wedding expo held in Shenzhen, Guangdong Province of China.

It may not be the longest, but surely is one of the most impressive wedding dresses : )

A bride from China’s Jilin Province on Thursday dressed in world’s longest wedding gown (2,162-meter long), Xinhua agency said.

The groom, Zhao Peng, said he was actually inspired by the world’s record of the longest wedding dress made in Romania in April when he planned his wedding.

Zhao said initially his family strongly opposed this idea as his mother thought this idea was a waste of money, before he persuaded them.

If you think China is still a developing country, this piece of news is going to surprise you. China has overtaken the US to become the world’s second largest luxury market.

In 2008, China’s super-rich bought a quarter of the world’s luxury goods.

According to the World Luxury Association, affluent Chinese lavished US$ 8.6 billion on luxury goods last year.