Big cultural venues will remain in riverside district, but group of buildings housing commercial galleries slated for demolition

Insiders say import taxes are strangling much-needed cultural interchange

Decision came one day after authorities dramatically closed Art021 fair over a single positive case

The city's two flagship fairs, Art021 and the West Bund Art & Design Fair, saw a rise in budding collectors interested in younger and more diverse artists

New Art Tower will be hub of a busy art week alongside Art021 and West Bund Art & Design Fair