Group 1 - Wang Jianlin's "high consumption restriction" was a trending topic, but it has now been lifted [3] - The legal basis for "high consumption restriction" is to compel debtors to fulfill their obligations by limiting luxury spending, which includes travel by airplane, staying in star-rated hotels, and enrolling children in expensive private schools [3][4] - The restriction applies to various high consumption behaviors, such as purchasing real estate, renting high-end office spaces, and paying high insurance premiums [4] Group 2 - Despite the restrictions, individuals under "high consumption restriction" can still use their private jets, as the enforcement primarily targets ticket purchasing processes [5] - There has been a notable decline in the number of business jets in China, with a reduction of approximately 70 aircraft since 2022, marking the largest drop since 2012 [5]

Core Points - The recent news about Wang Jianlin being "restricted from high consumption" has sparked discussions about the implications of such measures on wealthy individuals and their spending habits [1][2] - "High consumption restrictions" are legal measures aimed at enforcing debt repayment by limiting luxury spending behaviors of individuals who have not fulfilled their legal obligations [2][6] Group 1: Legal Framework - High consumption restrictions apply to various luxury spending behaviors, including traveling by airplane, staying in star-rated hotels, purchasing real estate, and enrolling children in expensive private schools [2][9] - The restrictions are enforced on individuals who have not complied with effective legal documents, aiming to encourage them to settle their debts [2][6] Group 2: Impact on Wealthy Individuals - Wealthy individuals, including those with private jets, are theoretically restricted from using their own aircraft or staying in their hotels, as the law targets high consumption behaviors regardless of payment source [6][8] - Despite the legal restrictions, many individuals have found ways to circumvent these limitations, particularly when it comes to private jet travel, as the process does not require purchasing tickets [6][8] Group 3: Industry Trends - The number of business jets in China has significantly decreased since 2022, with a reported drop of around 70 aircraft, marking the largest decline since 2012 [8] - Many wealthy individuals and companies have been selling their private jets to raise funds for debt repayment, indicating a broader trend in the industry [7][8]