This document simply reflects the same myopic view taken by the SEC and other U.S. government agencies: It fails to address the incompatibility of Shariah with not just Western financial institutions but with our politicalsystem and legal code.
China's support for its increasingly successful and profitable artists and galleries may well be no more than a figleaf for a repressive politicalsystem, but the western art world, eager for a new audience and a new market, likes seeing red.
To a large extent, China is where it is now because it has followed the western model of economic development for developed economies, while retaining its own politicalsystem.