Commentary: Museum project may paint Hong Kong in red ink

“Asia is an art desert,” says Tao Dong, Hong Kong-based chief Asia economist at Credit Suisse First Boston. “It probably has more stock exchanges than quality art museums.”

Too pragmatic a culture to think about art? Or still the legacy of a survivor mentality from back in the 70s and 80s when Hong Kong grew from a manufacturing economy to the service oriented economy now?