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As Chinese art market crashes, many artists applaud [csmonitor.com] "Chinese artists were seen as ATMs," says Jerome Sans, director of the nonprofit Ullens Center for Contemporary Art in Beijing. "Maybe now they'll stop creating for the market and create for the mind."
Wine producers pin hopes on China in tough times [AFP] "Wine producers are pinning their hopes for growth during the financial crisis on a country that only recently entered the ranks of the world's top ten wine drinking countries — China. Wine bars and speciality wine stores have flourished in Shanghai, which prides itself of being the nation's most cosmopolitan city, and have quickly become part of the landscape."
Reports: China auto sales 1.03 million in March [Forbes] "Preliminary figures show auto sales in China rose to at least 1.03 million in March, exceeding U.S. sales for the third month in a row, state media reports said Wednesday. Sales data from 14 major auto makers, accounting for roughly 90 percent of total sales, totaled 1.026 million, the state-run newspaper Shanghai Securities News said, citing Chen Bin, head of the Department of Industry at China's main economic planning agency."

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Today's Links: The art market, the wine market and the market in North Korea?