Page 328 - 2020 White Paper on the Business Environment in China
P. 328
0 White Paper on the Business Environment in China
managed to find buyers. Still, in recent years, Professional Sports Industry
sales of the finest Chinese antiques have been
dominated by Chinese dealers and collectors. The The 2017 overall output of the sports industry
market for international contemporary art, on the in China was over US$310 billion, 15.7 percent
other hand, is dominated by American dealers higher than 2016. The overall added value was
and collectors (Reyburn). US$110 billion, 20.6 percent more than 2016. The
manufacturing of sporting and relevant good sector
This will all change radically by 2020. A new 10 accounts for the largest share of the overall output,
percent tariff on art, antiques and antiquities took reaching US$160 billion, a 12.9 percent yoy gain. The
effect at the first of September 2019, continuing sports service sector which includes all sectors except
the ongoing trade war between the US and China. the manufacturing of sporting and relevant goods
Among the items that will be affected are many sector and the construction of sports venues and
collectibles, including paintings, drawings, engraving, facilities sectors, have continues to grow in terms of
prints and lithographs, sculptures and statuary percentage in the overall industry output—from 55
of any material and antiquities more than 100 percent in 2016 to 57 percent in 2017. Sports events
years old, as well as stamps and collectors’ pieces and shows sector and the sports fitness and leisure
of archaeological interest. The US import tariff will activities sector have particularly demonstrated
apply to all Chinese art sourced anywhere in the great growth—39.2 percent and 47.5 percent more
world, not simply Chinese art imported from China. than 2016 respectively. As more sports facilities
Whether art and antiquities would remain subject and infrastructures have been built in China, the
to Trump’s tariffs has weighed on many dealers construction of sports venues or facilities sectors
and auction houses since June 2019, when they demonstrated clear growth as well—94.7 percent
were re-added to the USTR’s list of goods subject more than 2016 (Huang, 2017 Sports). Sports and
to a sizeable 25 percent tariff rate. Throughout fitness mobile app users are currently at over 60
the summer, art and antiquities dealers, as well as million, with popular domestic fitness apps like Keep
numerous cultural advocacy groups, beseeched showing significant user growth. Users of these
the United States Trade Representative (USTR) to apps spent close to four hours a day on their apps,
remove the items from consideration in a series primarily on tracking their movements like walking
of hearings held on Capitol Hill. They argued that or jogging (Tan, et al).
such border taxation would represent a significant
departure from longstanding US government policy In addition to their love for smartphones, China’s
to encourage the free exchange of cultural goods by citizens are increasingly discovering active sports
making their import duty free. The decision will hurt for themselves. Running, skiing, snowboarding,
small businesses and the art trade between the US everything is being tested - and the government
and her allies more than it will hurt trade with China supports its citizens wherever possible. According to
which already bars exports of most Chinese antiques the government’s national fitness plan, one billion
and antiquities. While there is still an opportunity for Chinese will be practicing sports by 2020. Especially
dealers to seek specific exemptions, such requests running sports seem to please the Chinese. According
may be difficult to formulate and pose both a to the Chinese Athletic Association, 328 marathons
financial and administrative burden. “With the tariffs with 2.8 million runners were held in China in 2017
in place, it will be impossible for these businesses alone, compared with only 22 races six years earlier.
to price artwork competitively within the global art In total, the number of running events increased to
market. The tariffs will also stifle the greater cultural 1102 races. China is also crazy about soccer. Football
exchange that galleries foster,” the Art Dealers pitches with artificial turf and floodlights are being
Association of America says in a statement to The built on virtually every corner of China’s cities, soccer
Art Newspaper (Carrigan). is being played day and night. Of course, China’s
passion for football has not remained hidden from
top international clubs, and teams from the English
328
managed to find buyers. Still, in recent years, Professional Sports Industry
sales of the finest Chinese antiques have been
dominated by Chinese dealers and collectors. The The 2017 overall output of the sports industry
market for international contemporary art, on the in China was over US$310 billion, 15.7 percent
other hand, is dominated by American dealers higher than 2016. The overall added value was
and collectors (Reyburn). US$110 billion, 20.6 percent more than 2016. The
manufacturing of sporting and relevant good sector
This will all change radically by 2020. A new 10 accounts for the largest share of the overall output,
percent tariff on art, antiques and antiquities took reaching US$160 billion, a 12.9 percent yoy gain. The
effect at the first of September 2019, continuing sports service sector which includes all sectors except
the ongoing trade war between the US and China. the manufacturing of sporting and relevant goods
Among the items that will be affected are many sector and the construction of sports venues and
collectibles, including paintings, drawings, engraving, facilities sectors, have continues to grow in terms of
prints and lithographs, sculptures and statuary percentage in the overall industry output—from 55
of any material and antiquities more than 100 percent in 2016 to 57 percent in 2017. Sports events
years old, as well as stamps and collectors’ pieces and shows sector and the sports fitness and leisure
of archaeological interest. The US import tariff will activities sector have particularly demonstrated
apply to all Chinese art sourced anywhere in the great growth—39.2 percent and 47.5 percent more
world, not simply Chinese art imported from China. than 2016 respectively. As more sports facilities
Whether art and antiquities would remain subject and infrastructures have been built in China, the
to Trump’s tariffs has weighed on many dealers construction of sports venues or facilities sectors
and auction houses since June 2019, when they demonstrated clear growth as well—94.7 percent
were re-added to the USTR’s list of goods subject more than 2016 (Huang, 2017 Sports). Sports and
to a sizeable 25 percent tariff rate. Throughout fitness mobile app users are currently at over 60
the summer, art and antiquities dealers, as well as million, with popular domestic fitness apps like Keep
numerous cultural advocacy groups, beseeched showing significant user growth. Users of these
the United States Trade Representative (USTR) to apps spent close to four hours a day on their apps,
remove the items from consideration in a series primarily on tracking their movements like walking
of hearings held on Capitol Hill. They argued that or jogging (Tan, et al).
such border taxation would represent a significant
departure from longstanding US government policy In addition to their love for smartphones, China’s
to encourage the free exchange of cultural goods by citizens are increasingly discovering active sports
making their import duty free. The decision will hurt for themselves. Running, skiing, snowboarding,
small businesses and the art trade between the US everything is being tested - and the government
and her allies more than it will hurt trade with China supports its citizens wherever possible. According to
which already bars exports of most Chinese antiques the government’s national fitness plan, one billion
and antiquities. While there is still an opportunity for Chinese will be practicing sports by 2020. Especially
dealers to seek specific exemptions, such requests running sports seem to please the Chinese. According
may be difficult to formulate and pose both a to the Chinese Athletic Association, 328 marathons
financial and administrative burden. “With the tariffs with 2.8 million runners were held in China in 2017
in place, it will be impossible for these businesses alone, compared with only 22 races six years earlier.
to price artwork competitively within the global art In total, the number of running events increased to
market. The tariffs will also stifle the greater cultural 1102 races. China is also crazy about soccer. Football
exchange that galleries foster,” the Art Dealers pitches with artificial turf and floodlights are being
Association of America says in a statement to The built on virtually every corner of China’s cities, soccer
Art Newspaper (Carrigan). is being played day and night. Of course, China’s
passion for football has not remained hidden from
top international clubs, and teams from the English
328
