Prelude to a Spiritual Renaissance in China?

Recently in the news, there have been signals that China is getting spiritual (again) -- or, have started to come out of the closet.

Here are two examples.

Wall Street Journal proclaimed:
From Wealth to Health: Rich Chinese Seek Spiritual Fulfillment
Executives Spurn M.B.A.s for Philosophy Classes, Shopping Excursions for Buddhist Meditations

And BBC revealed: China's super-rich communist Buddhists

Is this the natural progression along Maslow's hierarchy of needs? Is it the society's collective consciousness seeking a cure or a break? Is it a blend of utilitarian networking and clumsy rehabilitation of the soul? Intriguing signs, watch closely :)