There is a rather spectacular show of contemporary Chinese art in the Atlantic Monthly:
I consider this first rate world-class art; take a look for yourself.
The lesson that can not be missed, the empirical fact of this art is that commerce creates art.
Until now, artists and art historians could rationalize the flurry of great art produced by the exuberance of commerce in Northern Italy (Italian Renaissance) the global triumph of commerce in Holland (Dutch Renaissance), the English dominance of global commerce (English Renaissance) and much since then.
Now the pure case has arrived. China produced virtually no significant art under revolutionary communism. With the explosion of commerce in China in the late 1980s we finally get a parallel explosion of world class Chinese art.