Silk Road strategy Auction ardor Yang at heart Chinese art collectors lift Oft-maligned sheep have Infrastructure will be key sales at top auction houses a place in Chinese folklore focus of $40b fund > p13 > BUSINESS, PAGE 13 > LIFE, PAGE 9 TUESDAY, February 17, 2015 chinadailyusa.com $1 ART INVESTMENT China boosted by Japan infl ows By ZHONG NAN less than robust. [email protected] “Japan is still confronting issues such as slow demand Japanese investment in in the global market last year, China surged in January after infl ation, labor shortages and months of decline last year. a long-term fi nancial defi cit,” The development indicates Zhao said. that the world’s third-largest “China will continue to economy continues to count remain a key investment area on the Chinese market to put for Japan to seek new market economic growth on a fi rmer growth points this year.” footing amid growing domes- China saw strong infl ows tic and international econom- of foreign investment in ic problems. January despite slower eco- Japanese contracted nomic growth, with services investment in China rose by and high-end manufacturing 46.9 percent year-on-year in luring investor interest. January. The number of new The country gained $13.92 enterprises set up by Japanese billion in foreign direct investment increased by 3.5 investment last month, an percent and actual invest- increase of 29.4 percent from ment rose by 3.2 percent, the a year earlier. Investment Ministry of Commerce said on from South Korea, Sweden, Chinese fi lm director Wong Kar-wai speaks on Monday morning at the Metropolitan Museum of Art in New York City. The museum will be unveiling its new China-themed exhibit Monday. Singapore, Germany and in May, exploring how China infl uenced Western fashion designers for centuries. The exhibit will feature more than 130 examples of haute couture and ready-to-wear pieces next to At a news conference, the another six nations and Chinese masterworks. AMY HE / CHINA DAILY ministry did not provide a regions accounted for 96.5 total amount for Japanese percent of China’s FDI in investment last month. January. Shen Danyang, the min- The service sector account- istry’s spokesman, said Chi- ed for two-thirds of inbound Met museum to focus on China na’s high-quality labor force, investments in January, while developed infrastructure high-end manufacturing took facilities, improved busi- up nearly all the remainder. By AMY HE understand its culture,” said a better view of the historical Institute. “In this world, every- the changshan, qipao and ness environment and ongo- Domestic companies also in New York Maxwell Hearn, chairman of and contemporary Chinese thing is topsy-turvy, and back- zhongshan. ing urbanization were the showed growing interest in [email protected] the museum’s Department of culture and aesthetics. Instead to-front. Real life roles are “For designers, the appeal of main factors that attracted making off shore investments, Asian Art. of reinforcing the diff erence, I reversed. these garments lies in their cul- increased Japanese invest- with much of their attention The Metropolitan Museum “This exhibition is a collabo- hope this show will be an event “Like Alice’s make believe tural and historical specifi city, ment in January. focusing on Europe. of Art in New York will be cel- ration between the Costume to bring us and our two cul- world, the exhibition China: they serve as a kind of sarto- Japan’s direct investment in The ministry said it hasn’t ebrating centuries of China’s Institute and the Department tures together.” Through the Looking Glass rial shorthand for China and China fell by 38.8 percent year- seen Japanese companies influence on the West in its of Asian Art and underscores China: Through the Look- presents an image of China the shifting social and political on-year in 2014 to $4.33 billion. withdrawing capital or new China-themed exhibit, the key role that the encyclo- ing Glass features more than that is a fabulous inven- identities of its people,” he said. The decline, compared with human resources from China. which focuses on how West- pedic museum like the Met 130 examples of haute couture tion, a fi ctional universe that “These three types of garments a fall of about 4 percent in Only a few companies from ern fashion designers were can play in exploring the many and ready-to-wear pieces jux- embraces an alternate reality in turn tell a story of the grad- 2013, refl ects soured bilateral Japan reduced their invest- inspired by the country and ways in which Chinese culture taposed with pieces of Chinese with a dreamlike object,” he ual introduction of Western relations over territorial and ment in China last year due incorporated elements of its has for centuries influenced art. Clips from well-known said. “This fi ctional universe technique with Chinese dress- wartime historical issues, as to management errors and art into fashion pieces. and inspired the West,” he said Chinese fi lms — such as Fare- reveals itself through a series making traditions.” well as rising operational costs weak market demand. The exhibit, China: Through during a media briefi ng. well My Concubine, In the of carefully curated juxtaposi- The second — called Empire in China. Wei Jianguo, vice-chair- the Looking Glass, will be Chinese director Wong Mood for Love, and Crouching tions of western fashion and of Signs — will focus on signi- Shen said, “The January man of the China Center unveiled to the public on May Kar-wai, best known for his Tiger, Hidden Dragon — will Chinese costumes and decora- fi ers that Westerners associate growth trend will continue as for International Economic 4 and will be presented in the work on In the Mood for Love, also be incorporated into the tive arts.” with China, such as jade, lac- China is diversifying its export Exchanges, said, “That a few Met’s Chinese galleries and the served as artistic director of exhibit to illustrate how China Bolton said that the exhibit quer and porcelain. channels through e-commerce foreign companies leaving Anna Wintour Costume Cen- the exhibit. is portrayed through popular will be broken up into two The exhibition is sponsored trade platforms and favorable China is normal.” ter. It runs through Aug 16. “When we look at a mirror, culture. series: one called From Emper- by Yahoo, Condé Nast, Chinese policies resulting from bilat- Higher costs and wages “With the world’s largest we see ourselves,” he said. “But “In Lewis Carroll’s Through or to Citizen, which focuses on textile and apparel tycoon Silas eral or multilateral free trade may see some manufactur- population and one of the when this mirror turns into a the Looking Glass, his charac- three periods in Chinese his- Chou; Wendi Deng, Rupert agreements.” ing companies leave, Wei oldest cultures, China is a window, we will see a world ter Alice enters an imaginary, tory—the Qing dynasty, the Murdoch’s former wife; and Zhao Zhongxiu, a trade said. But the boom in China’s leading force in economics around us. We hope this exhi- alternative world by climbing Republic of China and New several other Chinese donors professor at Beijing’s Univer- industrial upgrading and and politics, so [there is] the bition will serve as a window through a mirror,” said Andrew China—and the clothing worn who wished to remain anony- sity of International Business restructuring will see its need to engage with China, for the Met’s audience to have Bolton, curator of the Costume during that time, which were mous. and Economics, said China’s high-end manufacturing and incoming investment last year service sectors fl ourish and rose generally at a time when attract more international FESTIVAL BOOKS global investment fl ows were investors. 4.33 Japanese FDI in China 4.08 2014 cumulative figure Manchuria: Land 3.69 Fireworks on Hudson tonight $billion 3.39 3.16 to usher in Chinese New Year refl ects past, future 2.83 2.4 By NIU YUE By NIU YUE 1.97 in New York in New York 1.57 1.21 Chinese Lunar New Year will Michael Meyer decided move into the big time on Tues- to write a book about his 0.72 day with a fi reworks show over wife’s hometown, a vil- 0.32 the Hudson River. lage called dahuangdi, or The show will be organized “Wasteland”, in Northeast- by China’s largest and most ern China’s Jilin province, JFMAMJJASOND prestigious arts academy, the as he saw books and news Source: Ministry of Commerce XAN SABARÍS / CHINA DAILY China Central Academy of Fine coverage were too much Arts (CAFA), with an endorse- about China’s urban areas. ment from China’s Ministry of He stayed there from 2010 Culture. to 2012, and what he got In the news Chinese Lunar New Year falls was more than expected. on Thursday, Feb 19, and is cel- “I moved to Wasteland ebrated by approximately one Fireworks display over Hudson River in a fi le photo. PROVIDED TO / thinking I would write only CHINA turing and catering industries out of every six people in the CHINA DAILY about the village, and about heit in winter, and there are Golf club’s lie in Guangdong province are world. a single plot of land,” Meyer qualities of high hospitality fi ned for using child workers. Titled Harmonious China Midtown Manhattan and New of Lunar New Year events at cul- wrote in an e-mail to Chi- and overcompensation, just A luxury golf club in suburban > P5 and conducted in partnership Jersey sides, and there will be tural institutions around New na Daily about his book In like “Minnesota nice”.