Interest Of New Collectors, Government Support Growing As More Museums Mount Large-Scale Exhibitions Of Work By Top Artists
Wang Guangyi's work seems to be (finally) accepted and promoted by the Chinese government's cultural elites
Recently, we translated a speech presented at the first-ever conference of Chinese collectors of contemporary Chinese art delivered in Beijing by influential art critic Li Xianting. In this speech, Li called on Chinese collectors to get busy buying, preserving and presenting top-quality works of contemporary Chinese art in order to ensure younger generations in the country will be able to view and understand their artistic heritage. Li called art collecting “a form of cultural creation,” the responsibility for which lies in the hands of the country’s new generation of art collectors. From Li’s speech:
We can’t expect the government to establish, from top to bottom, an art museum system in such a short amount of time, not least because the construction of the “hardware” is so difficult, but what’s harder is [assembling] the artwork itself, because up until now the collection in the government’s museum of contemporary art has been really poor, and not only because in the past three decades the important works of Chinese contemporary art have flowed overseas. Can the government spend the money to collect contemporary art? Aside from lack of funds, the hardest thing is that within a considerable amount of time, could the government possibly recognize the value of a contemporary art value system?
Whether by coincidence or by design, a news item in China’s Global Times today announced a spate of high-profile museum exhibitions of two of China’s top contemporary artists, Zhang Xiaogang and Wang Guangyi. Although as recently as last month Li Xianting decried the Chinese government’s slow movement on arts education and investment in cultural capital, these two exhibitions seem to indicate that development is beginning in earnest. From the article:
While the recent inclusion of a selection of contemporary Chinese artworks in exhibitions held at state-run museums across the country has been considered by many as a sign that Chinese contemporary art has been officially embraced by the government, others in the art world are calling for more to be done to recognize the genre.
Posted in Art, auction, China, Chinese Art, Culture, Investment, Museums
Tagged Art, art collection, beijing, CCP, China, contemporary art, contemporary chinese art, CPC, government, guangdong, guangdong art museum, li xianting, national art museum, political pop, wang guangyi, zhang xiaogang
The Chinese Consumer Looks To Be One Of The Biggest Engines Of Global Growth In The Long Term
China's inland consumer is rapidly becoming the country's engine of change and growth. Image © New York Times
The Financial Times has an excellent article today about the rise of the Chinese consumer, once a virtually non-existent market but now the darling of the world’s multinationals.The article details how the Chinese government is trying to get consumers to make the shift “from export-oriented growth to a greater reliance on inner dynamism,” much like the United States did in the 19th century. Going along with observations I have made before, much of China’s current growth and transition is comparable to the same events in the US roughly 100 years ago — from the problems with quality control and political issues, consumer reluctance to spend, and business “grey areas.” The article is well-researched and focused, and includes many valuable insights into the monumental task ahead for the Chinese government — transforming the spending habits of over a billion individuals, who have been accustomed to high savings rates (for cultural reasons as well as China’s lack of a social safety net) and a lingering distrust of less established domestic brands (particularly since the reforms of 1978-79).
But the key to this article is its surprising (and incredibly significant) observation is its figures about the exponential growth of the inland, third-tier city consumer. This consumer segment has only now come to light, and as we have discussed before, inland Chinese cities look to be the future; not only for individuals, but for businesses and marketers as well.
Posted in Business, China, Economics, Economy, Investment, Luxury
Tagged China, chinese, consumer, financial, financial times, government, Investment, Luxury, spending, stimulus, united states
Additional Fiscal Stimuli Pave The Way To Recovery
Massive stimulus spending on industry and infrastructure projects are expected to transform the Chinese economy in coming years
CityWire reports today on China’s decision to allocate an initial four trillion RMB (£1.3 trillion) to spend on infrastructure products and consumer spending initiatives in coming years, looking to jumpstart its economy, which has lagged somewhat in recent months due to reduced demand for its exports in North America, Japan, and Europe. The author suggests that it is a good time to invest in several industries, as the potential for massive growth in certain sectors should pay off as these investments mature and China makes more progress in its transition from a state-dominated and export-led developing nation to a more consumer-led economy.
“Art Relations” Between The Two Countries Increase, With Contemporary Chinese Art And Modern British Art Exchanges
ArtInfo posts today on efforts by the UK and Chinese governments to increase their artistic exchanges in coming years, as part of broader efforts to take a “wider approach to building understanding between the two countries.” While we have seen particular interest in the UK and other western countries in Chinese contemporary art in the last 30 years, and in Chinese antiquities and traditional arts for several hundred years, large-scale exhibitions of western masters are still relatively scarce in China. The exhibition of a number of works by J.M.W. Turner, which opened earlier this month in Beijing, is essentially an experiment by the British government on whether there is a sizeable audience for British art in China, whether funding can be gathered, and whether China and the UK can cooperatively build a cultural bridge that will increase exchanges of all kinds between the two in coming years.
Posted in Art, China, Chinese Art, Culture
Tagged Art, beijing, britain, China, Culture, exchange, exhibition, government, JMW Turner, oil, Turner, uk, watercolors