How to tap into China's wealth explosion? Buy art! by Jack Brewer via the Business Journals
You might be surprised to learn that China is creating an overwhelming number of millionaires every day. It’s estimated that China has 1.3 millionaires and 315 billionaires, and it’s projected that the nation’s number of millionaires will grow to around 2.5 million by 2020, according to a Deloitte study.
So how can an American get a piece of the Chinese wealth? Although access to Chinese markets is becoming slightly more accommodating, there are still difficulties in investing directly into China. The Chinese art scene is one exception.
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