August 20, 2018

Shanghai Dialogue explores innovation and new trend of the art induatry

The fourth Shanghai Dialogue Art, Gateway to the Future Summit was held in Pudong New Area on August 9.

At the summit, the 2017 Global Chinese Art Auction Market Report, the 2018 Spring Chinese Art Auction Report, and the 2018 Shanghai Free Trade Art Industry Blue Book were published to discuss the trend of the art industry.

Co-hosted by the Shanghai FTZ International Culture Investment and Development Co and the National Base for International Culture Trade (Shanghai), the summit discussed the cultural development under the Belt and Road initiative, cultural innovation industry, and the art markets.

The summit attracted more than 300 representatives of the art industries and they swapped ideas on the new phenomena, development, and trend of the art industry.

According to the 2018 Shanghai Free Trade Art Industry Blue Book, the National Base for International Cultural Trade has attracted investment totaling 34.3 billion yuan (US$5 billion) and an increased registered capital of 2.4 billion yuan. The trade scale in the art industry has reached 35 billion yuan, and the members of the art markets have grown to 311.

Li Zhaojie, deputy director of the FTZ’s management committee, said there are 670 companies in the National Base for International Cultural Trade. The cultural industry’s trade volume in the bonded area reached 30 billion yuan in 2017, among which that of the importing and exporting cultural innovation products reached 40 percent and now serves as an important carrier of the “Shanghai Culture” brand.

The National Base for International Cultural Trade has been selected as one of the perennial exhibition platforms of China International Import Expo. The base aims to further cultivate the whole art industry chain.

Shanghai FTZ and the National Library of China signed a strategic cooperation agreement in June to establish partnership. Li Honglin, deputy curator of the National Library of China, said the library hoped to carry out extensive cooperation with Shanghai FTZ to improve the development of cultural innovation products.

Representatives of National Museum of China, the Palace Museum, and the China National Academy of Painting also attended the summit.