Jing Daily’s Top Posts For The Week
In case you missed them the first time around, here are some of Jing Daily’s top posts for the week of March 1-5:
The most recent ArtTactic Chinese Art Market Confidence survey (previously) indicated that buyer confidence had bounced back from its February 2009 low, with an overwhelming majority (70%) of mainland Chinese collectors projecting that the Chinese art market would recover within the next two years. Perhaps taking a cue from these findings — as well as inflation and signs that China will revalue the yuan some time this year — more art funds are incorporating Chinese artists into their investment mix.
This week, many of the findings reported in both the Western and Chinese press about Chinese luxury consumer behavior and trends are validated in an interesting interview of Vinay Dixit, Senior Director of Asia Consumer Centers in McKinsey & Company, by Joel Backaler of The China Observer.