Collectors in China are fueling a robust and rapidly growing art market. The just-concluded Sotheby’s Hong Kong 2022 Autumn Auctions raked in $140 million in luxury sales. At the ongoing China International Import Expo (CIIE) in Shanghai, CGTN’s Hu Binyi talked with Jean Qian, managing director of Sotheby’s China. Qian believed the art market has a promising future in China. Watch the video: Continue reading “China sees promising future in art collection market”
How large is China’s consumer market?
The China International Import Expo has been running for five years, bringing a lot of new foreign brands into the Chinese market. A total of 284 of the world’s top 500 companies and industry leaders will take part in the Business Exhibition this year. The number is more than last year and 90 percent of them have participated in the expo before. But how has the consumer market been changing in China over the past five years? And why do foreign brands keep coming? Watch the video: Continue reading “How large is China’s consumer market?”