Why China Is on an L.A. Spending Spree: "It's Just Monopoly Money to Them" by Seth Abramovitch 10/2/2015 6:00am PDT "$20,000 on drinks is a plain night on the town," says one local restaurateur, as big-time Chinese money pours into Los Angeles, consuming everything from wine to diamonds to watches to cars to prime real estate (in one case, 25,000 square feet for a teenage college student).