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Continuous strict Party governance

Corporate venture capital or CVC funds will continue to boom in China, industry observers said.

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Coordinating curator Peter Johnson from NGA told Xinhua on Friday that the artist is interested in the way that different cultures meet. "Sometimes, they clash, sometimes they create new and beautiful forms out of that," he said.

Coordination is even more critical in times of crisis. During the high point of the 2008 financial crisis, former US Treasury Secretary Hank Paulson worked closely with China and European countries to avoid imminent financial and currency collapse. For example, US Treasury bonds and bonds issued by US government-supported home mortgage lending agencies Fannie Mae and Freddie Mac were at risk of significant devaluation or even default during the worst days of the crisis. Many investors moved out of these unexpectedly risky assets into cash. But, the Chinese government supported the crisis-fighting efforts of the US government by continuing to hold them. If it had not done so, the world financial system may well have collapsed. In an October 2008 speech, Paulson stressed China's "useful and constructive" help in fighting the turmoil.