News
/
/
/
China's art market forecast
News Center

China's art market forecast

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2019-08-20 16:26

(Summary description)
The slowdown of China's macroeconomic development and the economic slowdown also have an external impact on the art market. The target of domestic GDP in 2014 is 7.5%, but the final figure may still be slightly lower than this target. 7.5% is already the second lowest GDP growth rate in China since the reform and opening up. The slowdown of the macro-economy will directly affect the willingness to consume and investment of each individual and the main body of the household. This impact is mainly on the consumption and investment confidence of individuals and households. The art market is a confidence market. Buyers' confidence determines whether they will enter the market, and it also affects the amount of funds flowing into the art market. At present, most of the individuals and families entering the art market for consumption, investment and collection belong to the "high net worth group" or the emerging middle class. The economic slowdown will make the "high net worth group" and the middle class face the problem of art As a personal or family investment choice, products will be more cautious and will shake the confidence of some people who are willing to intervene in the art market. The economic slowdown, especially in the face of possible "deflation", is not good news for the development of the art market.

China's art market forecast

(Summary description)
The slowdown of China's macroeconomic development and the economic slowdown also have an external impact on the art market. The target of domestic GDP in 2014 is 7.5%, but the final figure may still be slightly lower than this target. 7.5% is already the second lowest GDP growth rate in China since the reform and opening up. The slowdown of the macro-economy will directly affect the willingness to consume and investment of each individual and the main body of the household. This impact is mainly on the consumption and investment confidence of individuals and households. The art market is a confidence market. Buyers' confidence determines whether they will enter the market, and it also affects the amount of funds flowing into the art market. At present, most of the individuals and families entering the art market for consumption, investment and collection belong to the "high net worth group" or the emerging middle class. The economic slowdown will make the "high net worth group" and the middle class face the problem of art As a personal or family investment choice, products will be more cautious and will shake the confidence of some people who are willing to intervene in the art market. The economic slowdown, especially in the face of possible "deflation", is not good news for the development of the art market.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2019-08-20 16:26
  • Views:2

The slowdown of China's macroeconomic development and the economic slowdown also have an external impact on the art market. The target of domestic GDP in 2014 is 7.5%, but the final figure may still be slightly lower than this target. 7.5% is already the second lowest GDP growth rate in China since the reform and opening up. The slowdown of the macro-economy will directly affect the willingness to consume and investment of each individual and the main body of the household. This impact is mainly on the consumption and investment confidence of individuals and households. The art market is a confidence market. Buyers' confidence determines whether they will enter the market, and it also affects the amount of funds flowing into the art market. At present, most of the individuals and families entering the art market for consumption, investment and collection belong to the "high net worth group" or the emerging middle class. The economic slowdown will make the "high net worth group" and the middle class face the problem of art As a personal or family investment choice, products will be more cautious and will shake the confidence of some people who are willing to intervene in the art market. The economic slowdown, especially in the face of possible "deflation", is not good news for the development of the art market.

Related news

Top 10 Creative Ideas for Wood Christmas Decorations: Transform Your Holiday Decor

Top 10 Creative Ideas for Wood Christmas Decorations: Transform Your Holiday Decor

Discover innovative and charming wood Christmas decoration ideas that will elevate your holiday decor. From rustic ornaments to elegant centerpieces, our guide offers creative inspirations that add wa
Enchanting Wood Christmas Decorations: A Touch of Nature for Your Holiday Season

Enchanting Wood Christmas Decorations: A Touch of Nature for Your Holiday Season

Discover the charm and elegance of wood Christmas decorations this holiday season. Learn how these unique pieces can enhance your festive decor while connecting you with nature.
Illuminate Your Home with Wooden Animal LED Lights: A Perfect Blend of Nature and Warmth

Illuminate Your Home with Wooden Animal LED Lights: A Perfect Blend of Nature and Warmth

Discover the charm of Wooden Animal LED Lights as they effortlessly brighten your home. Dive into the world of eco-friendly decor, handcrafted artistry, and unique designs that bring nature indoors. T
  • Tel 86-13511463159
  • Top
language
中国
韩国
韩国
韩国
韩国
韩国
img