Chinese contemporary art has experienced an exciting time of growth over the past decade. China is one of three major art hubs in the world today along with the US and the UK; sales in China reached £9.1 billion in 2019 and now account for 18% of the global art market. Contemporary art represents a growing part of the art market, with modern art and other fine art sales declining in 2019. Looking over the next five years, most dealers involved in Chinese contemporary art believe that sales will keep on increasing. There has never been a better time to buy Chinese contemporary art than there is now. There is a domestic focus within the Chinese art market, which means there is a dominance of Chinese art within it. This creates opportunities for collectors to diversify their portfolios. The Chinese Contemporary Art Network advocates for emerging and mid-career Chinese artists based around the world.