“A Chinese dog breeder said Thursday that a property developer paid him 18 million yuan for Tibetan mastiff twins, highlighting how the breed has become a status symbol for China‘s rich. The large, slobbery dog with massive amounts of hair used to be best known for herding sheep in Tibet, but has now become a luxury for the ultra-rich who want to spread their wealth beyond stocks and real estate. Zhang said the buyer, from eastern Shandong province, paid him the 18 million yuan with his credit card. Liu Na, organizer of a Tibetan mastiff fair, said the average price for one of the dogs is several hundreds of thousands of dollars: ‘It’s just like deals done when buying antiques.'”
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