It is undeniable that the Chinese economy is booming. But do the majority of Chinese love luxury and can they afford luxury? Regardless of whether being luxury-loving is a positive or negative stereotype to assign Asians, all stereotypes are ultimately ridiculous and harmful.
And FYI, because you've never heard of a word does not mean it doesn't exist.
Editted: I see that you've removed your original quote: "Is inane even a word, do you mean insane?" I guess you looked up the word "inane" for yourself, but here it is again.
From Merriam Webster:
Main Entry:
1inane
Pronunciation: i-'nAn
Function:
adjective
Inflected Form(s):
inan·er;
-est
Etymology: Latin
inanis
Date: 1662
1 : [SIZE=-1]EMPTY[/SIZE], [SIZE=-1]INSUBSTANTIAL[/SIZE]
2 : lacking significance, meaning, or point
: [SIZE=-1]SILLY[/SIZE]
synonym see
[SIZE=-1]INSIPID[/SIZE]
-
inane·ly adverb
-
inane·ness /-'nAn-n&s/
noun