China’s financial health appears, for the first time in decades, to be in trouble. Growth is slowing and the stockmarket is on the dip. A housing crisis, precipitated by the bankruptcy of Evergrande, one of China’s biggest property developers, and the possible defaulting of the comparable behemoth Country Garden, has thrown China’s museum sector into a state of profound uncertainty.
Economic turmoil in China hits the country’s commercial galleries
Tom Seymour, The Art Newspaper, 13 October 2023