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Confident government
Companies are ranked based on overall turnover, putting Yili in ninth place, with turnover reaching 68.06 billion yuan (.95 billion) in 2017, representing a 12.29 percent increase from a year earlier.
Cohen praised China's art education, which provides young students a global vision. And he pointed out that the art-collecting market is booming in China as well.
Compounding this trend has been the depreciation pressure on the renminbi, which has spurred many Chinese investors to invest abroad for diversification.
Confucian studies platforms have been built at many universities including Peking University, Tsinghua University and Renmin University of China. In addition, 27 cities, regions and provinces including Beijing, Shanghai and Zhejiang province have built provincial-level and national-level Confucian studies organizations.
