Word: beijingers
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Economists note that at least part of China's soaring demand comes from its artificially low prices. Together, the Chinese and Indian governments provide suppliers about $15 billion a year in subsidies. A recent report by consulting firm McKinsey & Co. estimates that "ending fuel subsidies worldwide would cut demand for...
Yue Minjun is laughing all the way to the bank. The shaven-headed Beijing painter has turned his iconic guffawing self-portraits into one of China's most lucrative exports. In June, a brightly hued canvas of Yue dressed as a merry Roman Catholic Pope sold for $4.28 million in...
Ironically, it is China, with its authoritarian government and notorious cultural police, that allows its artists the most room for self-expression. Yes, direct criticisms of the Communist Party are taboo, and the culture cops occasionally shutter avant-garde exhibitions. Nevertheless, ironic depictions of Chairman Mao and not-so-subtle...
Even on a purely commercial level, endless neon Maos or identical riffs on the Ramayana will only saturate the market and, in the end, make artists' works less valuable. So, too, will a reluctance to explore different artistic avenues; imagine if Picasso spent his entire career in his Blue Period...
Hong Huang, publisher, I-Look fashion magazine A good night inevitably starts with dinner at Ding Ding Xiang, a hotpot chain that gets more popular by the day. The freshly sliced lamb is a must and the price is surprisingly cheap considering the restaurant's reputation. The Dongzhimen branch of...